Can't believe this is in Full Swing again. Where are the regulations, regulators, Congressional oversight, the transparency?
Why are these loans being offered again? This is what exacerbated the problem of No enforcement of regulations, and No Congressional Oversight, all the while, well connected politicians were reaping these loans, along with the 'folks'!! and it wasn't the top of the Food Chain that went to prison, just the average Joe.
Yes, this was just one of several facets that caused this Real Estate bubble to burst, so why quietly get this engine up and running again??
What ever you do, DON'T get caught up in this second round of deceit. It will only bode ill for you and your finances. A part of this puzzle that is not 'Found out' till after the signing of doc's are all the details no one bothered to tell the borrowers. Time/money triggers or Balloon payments that are the downfall of many a family.
There are plenty of loans out there for those that qualify. If you can't afford to own a home, that is just the way it is. Responsible spending, saving and just plain old living within your means should be the norm not these crazy gymnastics created by politicians for votes!
For honest, proven Lenders and Mortgage Brokers that won't sell you down the river for a commission, call me! I have worked with the BEST and have proven them out!!
http://www.bestsantacruzproperties.com/
Marlene Henderson, Broker/Owner
831-429-9091
Why are these loans being offered again? This is what exacerbated the problem of No enforcement of regulations, and No Congressional Oversight, all the while, well connected politicians were reaping these loans, along with the 'folks'!! and it wasn't the top of the Food Chain that went to prison, just the average Joe.
Yes, this was just one of several facets that caused this Real Estate bubble to burst, so why quietly get this engine up and running again??
What ever you do, DON'T get caught up in this second round of deceit. It will only bode ill for you and your finances. A part of this puzzle that is not 'Found out' till after the signing of doc's are all the details no one bothered to tell the borrowers. Time/money triggers or Balloon payments that are the downfall of many a family.
There are plenty of loans out there for those that qualify. If you can't afford to own a home, that is just the way it is. Responsible spending, saving and just plain old living within your means should be the norm not these crazy gymnastics created by politicians for votes!
For honest, proven Lenders and Mortgage Brokers that won't sell you down the river for a commission, call me! I have worked with the BEST and have proven them out!!
http://www.bestsantacruzproperties.com/
Marlene Henderson, Broker/Owner
831-429-9091
