Question about leaving the US

[MarkInTx]

... in response to A bit harsh..., posted by ChrisB on Jul 26, 2002

He bought a house that has a $5000 morgage and makes $72000 a year?

Hmmmm... I make quite a bit more than that, and couldn't qualify for that mortgage!

He shouldn't leave.

He should start doing infomercials about how to get financing! Hey, if he offered a video course, I'd buy it (3 easy payments of $59.95 a month plus S+H)

(I think someone isn't telling the truth somewhere, Chris. Somewhere along the way, you are being lied to...)

[ChrisB]

... in response to Amazing... and he's leaving?, posted by MarkInTx on Jul 26, 2002

That's what I was thinking, but it's all info from the mom and from Lana, who is a good friend of my wife's. Lana lives 2 miles away from this girl, Anna, in Santa Clara.

I couldn't beleive it, and still have a had time understanding how this guy pulled it off. It seems he borrowed a chunk of cash from his brother. Once he closed, his bother wanted his cash back. So the guy ran up all his credit cards.

The house cost about $580K. @ 7% that'd be $3,858 plus taxes and insurance. I don't see how any bank would lend such a large ammount to him.

Anna said Seth (husband) brought home about $6,000 every month. Seth told Paul (Lana's husband)about the deal with three banks. No details, just that he used three banks at the same time so they wouldn't see the credit checks??

Paul repeated this story to me when they visited us two weeks ago.

I wouldn't put a lot of faith in any of it, had I not heard this from Paul himself.

This is sounding like a TV soap.

Chris