Mortgage fraud

nearlynew

high thank counts are worthless

my nob is huge

I love rewired

Cleaver

nearlynew wrote: »

high thank counts are worthless

That isn't strictly true. Martin said I get a free pizza when I get to 100,000 thanks. Only 87,580 to go. I can almost smell the mozzarella.

nearlynew

I take it that you agree my nob is huge and that I love rewired?

Cleaver

nearlynew wrote: »

I take it that you agree my nob is huge and that I love rewired?

I've heard that the stature of your penis is one of the main reasons that rewired loves you back.

HammerSmashedFace

1984ReturnsForReal wrote: »

I wouldnt call finding somewhere to live stupid.

It's not, and that isn't what I said.

Emy1501 wrote: »

I know someone who took out a liar loan in 2004 sold in 2007 for about a 300K profit. Moved somewhere else and bought pretty much mortgage free.

I suspect there are still people who believe in the wilson theory of house prices double every 7 years

Of course there will be winners who do this type of thing, however there would also be winners if say 10 people put everything they own on red coming up on a roulette wheel, I still wouldn't do it though.

What the Wilsons have done is pure ponzi, and if greed hadn't taken over they could have probably got out with some kind of profit, instead they are now fooked.

Really2

Cleaver wrote: »

I think you're ace Graham.

He disagrees.

Really2

nearlynew wrote: »

I take it that you agree my nob is huge and that I love rewired?

I thought you were female, still could be I suppose.

Conrad

Prior to self cert people still found ways to buy a home, and this is merely a return to past practice.

As ever the FSA clown blunders along in the dark one step behind the curve.

RabbitMad

HammerSmashedFace wrote: »

What the Wilsons have done is pure ponzi

I love it when an ill informed person starts throwing terms around that they don't understand. I once saw a comment on a BBC blog describe the banks as a great big fonzi scheme. Those were happy days.

Whilest HPI has some similarities with a ponzi scheme it isn't one, and what the wilson's did certainly isn't a "Pure" one at that.

Now if you were to describe inside track as a ponzi scheme you'd be closer to the mark, but even that wasn't a ponzi scheme.

"A Ponzi scheme is a fraudulent investment operation that pays returns to separate investors from their own money or money paid by subsequent investors, rather than from any actual profit earned. The Ponzi scheme usually entices new investors by offering return other investments cannot guarantee, in the form of short-term returns that are either abnormally high or unusually consistent" - From Wikipedia as it summarises it better than I can.

Pobby

Pobby wrote: »

A USA friend of mine told me that the self cert thing out there was out of hand and lie to buy was extremely common. She was a mortgage broker but has been out of business since the crunch.

I didn`t tell the whole truth. This is the cono.

" So Connie, how many of your clients lied as to what they were being paid "

Answer.

" They all did "

I suppose if you hand the keys back and walk away it is a very different thing.