On Thursday 14 February 2008 14:58, Stephen Russell wrote: > Sub Prime refers to type of paper they were generating. This was class > c,d,e paper. Or shitty payments are to be expected from these lowlifes. > So make the loan and sweep in after we foreclose and the value of the > investment will have risen and we will make a profit on the sale after > repo.
Hi Stephen! They made a bunch on "closing costs" as well. Good thing, now they have the home back, the obligation for paying its taxes and no market for it. -- Regards, Pete http://www.pete-theisen.com/ _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
