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Mortgage mess

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Uploaded by on May 7, 2007

May 7 - The DeWitts of Indiana tell how they lost their home after getting a subprime mortgage they could not afford.As Lelon DeWitt underwent heart surgery, a mortgage broker pressured his wife into signing a mortgage loan they could not afford. After selling their house and filing for bankruptcy, the DeWitts say homebuyers should beware of who they do business with.Manoush Zomorodi has their story.

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  • nesnman -- You are a dumb ass ... who does not understand mortgage mess ...

    MAYBE you shouls say ,,, BANKS check to whom you are loaning your money ,,, CAN you understand that ,,,

    FEDERAL RESERVE loaned money at 1 % yearly interest ,,, WHY not borrow , Mortgage leneders borrowed chreap and loaned at 7-8 % interest ,,, GOT IT .... DO not blame homeowners ...

  • amen!

  • They never had good credit.. Argent is all subprime! It was their decision to buy this home. I doubt the guy pressured them. They probably wanted the house so he can recoup after his surgury in the home. Be honest people, you bit off more than you could chew.

  • A fool and his money are quicky parted.

  • Never buy a home you can't afford . I hope this is a lesson to you people.

  • Nothing better to do than talk shit huh?Radical gibberish is always the right way to get your point across.

  • Its always so very dramatic for these people and the loss of their home for whatever reason. I believe that since the Broker was an easy target to get the brunt of the blame thats where the finger gets pointed.Like everybody elses comment READ THE CONTRACT!, everybodies question in a refi is "whats my payment" even at the signing table "whats my payment". Bottom line the loss of their home was inevitable with her husband out of work and not earning an income.

  • argent mortgage only does peopele with bad credit. People most likely lied about there income on stated loan.This couple had fuckup credit before they got this new loan on there dream house.

  • AMERICANS,

    You will go down in history as the empire that DENIED the GENOCIDE of the FIRST CHRISTIAN NATION of the WORLD, The Armenians, while you conspired with the JEWISH BANKERS to defraud the world -- the same JEWS who had JESUS CHRIST CRUCIFIED. Americans, you torture and kill in the name of democracy and freedom. YOU are an ABOMINATION.

  • I have a similar professional background to yours. I am not an English teacher. I am sorry I seem to have offended you. I do generally agree with your point of view, hope you will improve your English, and wish you a good day.

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