Quote:
Originally Posted by srandallf
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?
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She probably got a 100% loan when the house was at its peak value in 2005. Now she's way upside down on it.