Quick question, are you a home owner? Have you been through the foul fucking wasteland that is the mortgage industry? I know when I bought my place, I got screwed over pretty good even though I thought I did lots of research. When I got to my closing, basically they changed around most of what we had agreed upon or forgot to mention some things. Which at the time seemed like small things, and the threat was that if I walked out on the new shady deal I was getting everything fell through. I was out the place I wanted, I was out about 5k in fees, and I was out the hundreds of hours I had put into getting this deal put together. I was told all sorts of things by people who were supposed to be looking out for me(My Mortgage Broker and Lawyer). Now I'm paying 550 more a month then I bargained on, luckily I have a good job and I can make my payments every month, but to a lot of other people it's a deal breaker and they get foreclosed on. So before you get on your high horse and start chanting fuck the poor slobs who got conned by the incredibly corrupt Mortgage industry, maybe you should take off your black and white glasses.
P.S. I also don't believe that shit about people being delinquent on the first payment quote. It's people being conned into getting an ARM and then when their 2-5 years up having their Mortgage double on them that's doing the most damage.
Edited 1 time(s). Last edit at 12/04/2007 08:11PM by happyorb.