Oh, come on; we can vent a lot of pent up anger on that one........LOL.
They OVERBOUGHT; and I don't believe for one minute she didn't understand the contract.
Their "income" was cobbled together and should have been DISAPPROVED.
Thank you. Saw it all the time in TX. We got to where we would "bet" on how long people could keep up the appearances before they packed up and left in the middle of the night.
You are right. They overbought.
A lot of people overbought. If enough do, it impacts more than just them. Heck, when I was their age, it was impossible to overbuy to that extent. There is simply no way you would get the loan in the first place.
Now they give you more than enough rope to hang yourself real good.