Is this too good to be true?

来源: tableone 于 2009-02-05 16:17:03 [] [旧帖] [给我悄悄话] 阅读数 : (606 bytes)
本帖于 2009-02-05 20:01:53 时间, 由普通用户 表情符号 编辑

My friend recently meet the financial crisis, and want to give up a property, a LA agent called him to introduce a program to him, saying that they can call the bank to lower his mortgage by reduce his principal. basically start a short sale with the bank, and buy back from the bank with the agent help. The agent have private investor will lend to my friends upto 65% of current market value. 12% Interest only loan for one year. The Title will not changed. The agent will charge $1,000 in front.

My question is, has anyone heard about this? Is this real? is it legal?

Thanks all for reply

所有跟帖： 

• Just watched the fraud a few days ago on CNBC. -cultuslake- ♂ 给 cultuslake 发送悄悄话 cultuslake 的博客首页 (80 bytes) () 02/05/2009 postreply 16:31:13

• Can you give a link to CNBC's Fraud video or news? -tableone- ♀ 给 tableone 发送悄悄话 (0 bytes) () 02/06/2009 postreply 10:05:56

• He should talk to the bank directly. -cultuslake- ♂ 给 cultuslake 发送悄悄话 cultuslake 的博客首页 (0 bytes) () 02/05/2009 postreply 16:34:14

• 法律上看起来没漏洞，不过还是不知道合法不。。 -水乡姐姐- ♀ 给 水乡姐姐 发送悄悄话 水乡姐姐 的博客首页 (0 bytes) () 02/05/2009 postreply 16:40:38

• he short sell his property then buy it back? -tank- ♂ 给 tank 发送悄悄话 (163 bytes) () 02/05/2009 postreply 16:47:29

• You're right! The investor require to gain 12% interest for it -tableone- ♀ 给 tableone 发送悄悄话 (0 bytes) () 02/06/2009 postreply 09:35:14

• in order for it to be legal, the title has to transfer -tank- ♂ 给 tank 发送悄悄话 (270 bytes) () 02/06/2009 postreply 10:04:22

• 如果你朋友能AFFORD12%LOAN，BANK能同意SHORTSALE吗？ -真人无智- ♂ 给 真人无智 发送悄悄话 (0 bytes) () 02/05/2009 postreply 17:00:39

• exactly those one caused the financil crisis -blueLopez- ♀ 给 blueLopez 发送悄悄话 (0 bytes) () 02/05/2009 postreply 17:27:45

• so desperate to believe this kind of con? -flying_bird- ♀ 给 flying_bird 发送悄悄话 (213 bytes) () 02/05/2009 postreply 21:03:22

• That's what my friend worried for - fraud for collect $1,000 and -tableone- ♀ 给 tableone 发送悄悄话 (0 bytes) () 02/06/2009 postreply 09:36:44

• gone forever -tableone- ♀ 给 tableone 发送悄悄话 (0 bytes) () 02/06/2009 postreply 09:37:27

• I think this process is the whole process complete -Value- ♀ 给 Value 发送悄悄话 (253 bytes) () 02/07/2009 postreply 12:01:43

• Ask them to roll $1000 to the loan -planotx- ♂ 给 planotx 发送悄悄话 (72 bytes) () 02/09/2009 postreply 03:50:45

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