[bruinbirdman]

"Negative amortization...now there’s something to discuss as is the concept of the stated income loan where income is not verified."

You mean they aren't going to live in the house 30 years? In that case it is a bad investment. No sympathy.

If the guy couldn't afford the house, no sympathy.

If the guy got the house with no down and no interest for two years and got gipped by the realator, he walks away and goes back to his rental. No sympathy.

The lender, the realator, or whoever else was involved, it was a business decision. No sympathy.

Uncle Sam? No sympathy.

yitbos

[RockinRight]

For the individual I’d agree. It does, however, have farther reaching effects that just the individuals directly involved.