09-04-2008, 11:46 AM
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Super Stoner
Mr. Ganja
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Join Date: Jul 2008
Location: down on the corner...out in the street
Posts: 7,152
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[quote=ViRedd;1269042]
Quote:
Originally Posted by medicineman
Actually, that is one of my mottos. "Buyer Beware!" In other words, take personal responsibility for your actions. If you lie about your income and inflate it in order to obtain a loan on a property you really can't afford, with the expectation that the property will continue to appreciate, and you will make a killing ... then YES, you deserve to take a bath on the property when the market takes a dump. Your loss is someone else's gain.
Vi
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the last house I bought I had to prove my income with tax statements...
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