Living for Free
Since there are still no-downpayment loans being handed out, why don’t I get the biggest such loan that I can, never pay anything, and live free for a year until I’m finally evicted?
Seems like a great way to save a year’s rent!
And since CA is a non-recourse state, the lender could not take any of my assets, I think. Who loses? The builder, the lender, the FHA. The same people who should not be making these loans.
Patrick
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Posted by Carlos Sagastume on September 6, 2008. Filed under HUD Homes.
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