Quote:
Originally Posted by Gerco
I understand what you are saying... I really do... But here is and example where I did not get a equity loan... actually I put about 20k in upgrades into the house after I bought it, case out of pocket... but this stuff for the most part is coming out with me... except for the new carpet, paint and 10k retaining wall I had built in my back yard. I got my house cheaper cause it needed work, and I did that work, and I did it with my own cash... then this crap happens and I'm out everything. So, am I a little pissed... yup. but now it's all left up to the lawyers who are fighting the case. Oh, and do a quick google of Ocwen... they are the ones who ending up with my mortgage... quite a story there in itself.
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I'll agree with you: Mortgage brokers are some of the sleaziest people out there...Hell, anybody giving credit to others does their best to twist things into their favor.
Consumers just need to be aware of this and learn to actually read these hundreds of pages of pure BS, and ask questions. Hearing that something is "standard", doesn't make it right.
