Flora
Romulus,#2Author of original report
Thu, April 19, 2007
also my home was sold. I was supposed to owe 89,000, but guess what the person i told you about bought my home for less than 10,000. I wan t my home back please some one give me some answers, i had a lot of things happen to me that happened to the grand rapids report person. what I wrote about myself and closed head injury daughter who was on the deed with me. I put too much about us on the report so it had to be deleted . please allow someone to see this and maybe the can give suggestions thank you
Paul
Lake Forest,#3UPDATE Employee
Thu, March 29, 2007
We are sitting on a time bomb, the mortgage analyst said a huge increase in unconventional home loans like balloon mortgages taken out by consumers who cannot qualify for regular mortgages. The high payments, he continued, are just beginning to come due and a lot of people who were betting interest rates would come down by now risk losing their homes because they can't pay the debt. He would have given great testimony at the current Senate hearings on subprime mortgage lending. The only problem is, he said it in 1981 when soon after several of the alternative mortgage products like those with adjustable rates and balloons first became popular. Full report here.