How to deal with subprime mortgage loans

[MyOCProperty]

Another great video, educational for anyone looking to buy a home.

[monkeyman1140]

Until the lender can prove they own the mortage, they can't evict you. Its always fun because they know they securitized it and sold it off, so its almost impossible for them prove they own it.

[ddubrul]

yea, deed in lieu is a great idea until you find out your loan has been shuffled around the world, packaged into another CDO. My bank wouldn't let me do a deed in lieu since Freddie Mac had bought the mortgage.

[bcmalloy]

sub prime loans are the modern day equivalent of loaning money off the mob, unreasonable fees conditions and ultimately designed to take everything you own NOT own your own home after paying a fair rate over X number of years.