Posted on 07/22/2010 10:22:45 AM PDT by Lorianne
So you get a $7500 tax credit that you have to pay back and it costs you $82,500? Good gawd! The only responses I can come up with shouldn’t be put in print....at least not on FR.
Loser Loans to be paid for by the rest of us that are not losers.
“Are you a stupid slut incapable fo keeping her legs closed? Do you hang out at crack houses and dropped out of school to party? If so, visit Uncle Sugar for your new home. We’ll give you one! Don’t worry, you won’t have a mortgage. We’ll get da rich crackas to pay for it!”
ping for later
If these are the same FDA loans that they made back in the 1990’s when my Dad was still building homes that would’ve been over the limit of what they are allowed to be worth. It’s really a crazy arrangement and I would encourage them to try to go another route if they want to build because with these type of loans the home can not gain value and if they do if they would ever sell they would owe the government the money that exceeded what they paid for it.I’ve seen a lot of people really make bacis homes nice thinking they could amke a profit when they sell and buy something nicer but these type of loans do not allow that.
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