All Posts Tagged With: "predatory loan"
No Down Payment Loans Still Exist! Wells Fargo’s “Zero Down” Mortgage
(post by BT) You think no down-payment-loans don’t exist any more? You think with everything going on, banks would have learned their lesson. Wrong! I had a deal about a month ago in which the buyer went to contract with no money down – well, according to Wells Fargo bank, with 20% down. OK, [...]
3Sep2008 | | 0 comments | Continued
Maspeth, NY Short Sale Goes Through. Mortgage Relief Not Needed
(post by Dee) A couple of our posts were devoted to a short sale transaction in Maspeth, Queens, NYC. The family, going through a divorce and financial hardship (of their own doing, no doubt), has two school-age kids. The first buyer backed out of the sale angering us and discouraging the sellers, who at that [...]
15Aug2008 | | 0 comments | ContinuedDelinquent on Your Mortgage? No Problem.
If you are actually delinquent on your mortgage and are scared that you are going to face big problems, you are wrong. You are fine. It’s the people who actually put a full down payment (money they were able to save because they have the financial means and know how to manage their money) but [...]
15Jul2008 | | 0 comments | Continued
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