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| User Info | California - extend "Teaser Rate" period on ARMs?; entered at 2007-12-02 08:39:06 | |||
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Gotshares Posts: 1793 Registered: 2007-09-06 
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"go about proving that they cannot afford the increase, given how many of them proved they could afford the mortgage in the first place, via stated income applications" They'll just say the lawn care business they had on the side is no longer performing.  "If every person who claimed to have a lawn care business on their mortgage application actually had a lawn care business, there would not be a single blade of grass left in the US."
2007-12-02 08:39:06
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