[ramonesfreak]

i didnt read the article but re:

Lady#2 owes $145k on a $39k house due to multiple refinancing

OK, the lady might be an idiot but what kind of lender loans this kind of money without doing due diligence...like doing a simple appraisal to see what the value of the house is?

I think its too easy for us to criticize many of these home buyers. I personally felt confident in my own home purchase, but, ive got a 4 year business degree and a law degree. Even with that, much of the fine print went in one ear and out the other