ST Alpha - "OWS: is this mortgage possible or BS? paid $125,000 payments on a house worth $91,000, bank too it back cause she owes another 329k " (Reading a Post)

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OWS: is this mortgage possible or BS? paid $125,000 payments on a house worth $91,000, bank too it back cause she owes another 329k

Posted by zeitgeist Oct 11 '11, 16:03

a. I suppose the house was sold to her for a lot more than the 91k worth it is claimed

b. she missed a few payments so penalty interest rates apply and/or the loan agreement also tacks on all the collection fees and attorny fees blah blah

Responses:

Maybe she is adding other costs (repair, etc.). Who know? - psilotum Oct 11, 16:35
damn it, the link to the 'story' -- (link) - zeitgeist Oct 11, 16:03

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OWS: is this mortgage possible or BS? paid $125,000 payments on a house worth $91,000, bank too it back cause she owes another 329k

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