ping
Problem: Secured subprime mortgage loan. Didn't realize taxes were over and above their monthly payment.
Status: Renting North Side apartment. Working and hoping to buy another home.
Quote: "[The lenders] don't care. They just want their money."
I wonder if she will vote for Kerry and even higher taxes...
Good post !
I'm curios how they got a loan with no PMI or escrow for the taxes..
I don't view this process as a problem. The couple is undereducated, underemployed and reaching way beyond their grasp.
Failure to become educated, basic laziness in a welfare state is the problem.
There is no solution for the problem of self imposed ignorance.