The blame game - Page 3 - PeachParts Mercedes-Benz Forum

Botnst · #31 03-30-2009, 07:47 AM

I'm impressed that you are unimpressed.

#32 03-30-2009, 07:52 AM

Having recently bought a home I can say that both the bank and realtors try to talk you into homes you can't afford me and my wife went in with a set price point 55,000 was the MAX. Well after we talked to the bank they tried to tell me that I could "easily" afford a 120,000 dollar home, the realtor tried to tell me to look in the 90-105,000 range. If the person isn't that street smart and easily duped this could=very bad things.

cmbdiesel · #33 03-30-2009, 09:26 AM

Quote:

Originally Posted by helpplease

Having recently bought a home I can say that both the bank and realtors try to talk you into homes you can't afford me and my wife went in with a set price point 55,000 was the MAX. Well after we talked to the bank they tried to tell me that I could "easily" afford a 120,000 dollar home, the realtor tried to tell me to look in the 90-105,000 range. If the person isn't that street smart and easily duped this could=very bad things.

Good on you for sticking to your guns. How many times did they try to get you into an adjustable rate?

Wish I could by a house for 55k. Around here that doesn't get you a postage stamp with a shotgun shack

RichC · #34 03-30-2009, 12:31 PM

Quote:

Originally Posted by OMEGAMAN

I agree! Just the other day a mortgage lender kick the door of my house open and held a gun to my head so I was forced to sign a mortgage.
Then the next day the credit car company did the same thing so now I have a bunch of crap I dont need.
Oh yeah I almost forgot Dick Cheyny was driving the get away car.

And how many credit cards do you have.
How much are you paying for gasoline.

If your soooooo smart why havent you figured out the problem and
solved it for us.

O wise one, we await your intelligence.

RichC · #35 03-30-2009, 12:33 PM

Quote:

Originally Posted by mwood

Why take right back to a party driven arguement? The point is that there is culpability across party lines. There is no bias in the OP, why try to take it there? So a right winger will jump in and throw blame at the left and start the merry-go-round all over again? Everybody should admit that EVERYBODY is to blame and move on to a solution.

I guess that is why the economy is in such trouble.

We did not have sound minds like yours leading the way.

cmac2012 · #36 03-30-2009, 12:58 PM

Quote:

Originally Posted by OMEGAMAN

I agree! Just the other day a mortgage lender kick the door of my house open and held a gun to my head so I was forced to sign a mortgage.

Then the next day the credit car company did the same thing so now I have a bunch of crap I dont need.

Oh yeah I almost forgot Dick Cheyny was driving the get away car.

Yeah, it's all a joke.

Back in '97, some con artist talked a 78 year old widow into a refi that would provide money for some roof repairs. The home was in one of the parts of Oakland that are becoming more upscale.

Turns out the contractor -- allied with the lender -- screwed the job up, then a balloon payment of $162K was due after a year into the loan. At one point in the reporting, the guy running the scam even admitted that it was unlikely the lady was going to be able to handle the loan and its conditions from the beginning.

The woman, a black lady whose husband had bought the place about 30 or 40 years previous, was slated to be evicted, but a judge stopped it. I think she eventually lost the case and died of a heart attack a couple years later.

http://www.sfgate.com/cgi-bin/article.cgi?f=/e/a/1997/04/16/NEWS5057.dtl&hw=predatory+lender+Oakland&sn=024&sc=317