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Ouch - subprime mortgage foreclosures in a dope image
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[QUOTE]Originally posted by venomous99: [QB] i agree with the 1st response..i think the majority of the blame should go to the lender and not so much the borrowers. as borrowers we always estimate short our expenses and belive we could afford things we cant, looking at our situations in a optimistic light. its the banks job to do the proper screens and determine if an applicant is qualified and is the reason why they shouldve kept up with full docs and been more stringent about the requirements. shoot...i think of it like a person with bad credit looking to finance something. would that person if given the chance to buy a car think twice about signing the dotted line so the responsibility lies in the borrower, the ones that have more financial risk to prevent shit like this from happening. many of these ppl that jumped on the real estate bandwagon didnt think of ARM because they were thinking of a short term investment, which they could flip for quick cash. the shit backfired [/QB][/QUOTE]
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