One more crazy question on the economy

I'm sure Barney Frank and Chris Dodd can still find you a LOAN somewhere and you don't even have to be a Citizen of the USA, I mean after all, they had more then a Hand in this MESS and they are still in head of the Hen House ;)

Just slip them a Few Bucks and Hey you have it MADE........OH and I know Mr.Dodd has connections at Countrywide He got a SCREAMING Deal on his House from them.
 
TLC Sweeping & Maint said:
I'm sure Barney Frank and Chris Dodd can still find you a LOAN somewhere and you don't even have to be a Citizen of the USA, I mean after all, they had more then a Hand in this MESS and they are still in head of the Hen House ;)

Just slip them a Few Bucks and Hey you have it MADE........OH and I know Mr.Dodd has connections at Countrywide He got a SCREAMING Deal on his House from them.
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Still hashing over the same old stuff Mr. Doom & Gloom, well you only have another 8 years to worry about it (probably 16 years after biden wins 2016) LOL Well at least you won't have to defend GW anymore :p

I'm going to miss GW......not\

Have a good one
 
hey tony, if you were a debtor in biblical times, they would throw you in prison until your debt was paid. if it were a jublee year, they let you out. i agree that our economy is bad, but if you built your business to a lagre entity and extended credit to alot of people, and then you had to throw it all away every 7 years. i'm sure you wouldn't want that system. sounds great in theory, but those how work hard to get where they are. would have no motivation to try harder.
 
Jeff did you say Something? Nope it was just a Lib Defending CORRUPTION AGAIN and bad mouthing the ones telling the TRUTH ;) Same Old Same Old.


OH yes this will be a Great 4 years of watching the MESSIAH stumble, He is not even in Office and his friends are selling stuff that does not BELONG to them LOL

YES A Great 4 Years coming our way, Heres a Link just for you......................................http://www.youtube.com/watch?v=PH7ypoWyQXU
 
jlpressure said:
Is this more no doc loans to more unqualified buyers:confused:
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I'd venture to say he is speaking of investors that only loanbased on the Property/deal itself. They are everywhere. If you present them with a 60% LTV Deal they won't even pull your credit. The property itself stands as the "Documentation"

In your own example.... $40K down on a $140k property. That's a no brainer for them... You default and they are guaranteed to get $$$ back based on the property valued at more than loan amount.

The key is finding those properties that can be bought for 60-70% of Value. There are methods for keeping a steady flow of potential sellers and buyers(exit strategy) at your fingertips. But that's a whole classroom full of knowledge that I am not willing to type out. :D
 
TLC Sweeping & Maint said:
Jeff did you say Something? Nope it was just a Lib Defending CORRUPTION AGAIN and bad mouthing the ones telling the TRUTH ;) Same Old Same Old.


OH yes this will be a Great 4 years of watching the MESSIAH stumble, He is not even in Office and his friends are selling stuff that does not BELONG to them LOL

YES A Great 4 Years coming our way, Heres a Link just for you......................................http://www.youtube.com/watch?v=PH7ypoWyQXU
Click to expand...


Who loves ya man. Just hope things get better in our economy
 
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