What surprises me about this couple....they seem to imply that the mortgage broker and real estate agent were no better than con-artists.
Hey bucko...if we knew when the market was going to go south, etc., I would be a multi-millionaire.
Those same loan programs that he felt he was 'tricked' into accepting worked flawlessly for the buyers that purchased with the same intent as his (selling or re-financing within a few years)...and pocketing a ton of equity as lines-of-credit or cash-out.
He just happened to be the unlucky one to purchase before the market exhaled.
Shhh...don’t try to inject sanity or logic here...it’ll disrupt the mojo of the thread.
;-)