I got a quote from a pedatory lender for a 120k refinane. The closing costs were close to 10k. So even if I defaulted on the loan, they would have made money on me.
--- Pete Theisen <[EMAIL PROTECTED]> wrote: > 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. > _______________________________________________ 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.
