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lucky1s
3620 Posts |
 Posted - 08/04/2008 : 2:25:23 PM
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These folks own 3 properties.
It looks like they maxed out 2 of them to pull out 150k to buy subject house in 2005, PP was $650,000.
Subject is likely NOO.
All properties have option arms.
All properties are upside down.
All properties are experiencing payment re-sets.
The LO owns a mini-mart that I frequent.
Told me he wants to refer a loan to me if I will split the commission, he is too busy to do loans anymore.
Have we broken enough laws yet?
This is classic textbook "why we are where we are today".
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liverichly
3936 Posts |
Posted - 08/04/2008 : 2:29:56 PM
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| Perhaps the Governator can help them. |
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nowbroker
1385 Posts |
Posted - 08/04/2008 : 5:13:40 PM
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| Nice lead.... |
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jstar
720 Posts |
Posted - 08/04/2008 : 5:17:19 PM
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| Three loan Modification leads from one guy.... WOW. |
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