Foreclosures at 37 year high
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Video Responses
This video is a response to Stop deceptive lending that leads to foreclosures
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An Option arm is a loan for people with good credit and a 20% down payment. These borrors know the minimum payment will only last 5 years when they sign the documents. World Savings has been providing this loan for homeowners in California long before this housing crisis began. Borrowers need to take responsibity for their finances. No-one guaranteed me that my home would appreciate. Are these borrowers going to pay back the tax deductions they have been taking over the last few years?
msdameener 3 years ago