Single women slammed by housing mess

[banca rotta]

Please tell me you actually believe it when a broker makes you a "promise" of doing a refi to a lower rate after you signup for a $3500 a month mortgage. The video will explain just what I am talking about. Make sure you have your tissues ready.

http://articles.moneycentral.msn.com/Investing/StockInvestingTrading/SingleWomenHousingMess.aspx

What confuses me is even if the loser banker "refis" her note how is a struggling single mom going to pay off an almost half million dollar home and pay for food & utilities? If you buy a half million dollar home you will have to pay it off in about 100 years in order to have an affordable payment.

[AngelinaCatHub]

Dear B'R'; I will not look. I know what your say. It will become worse in our near future. I am sorry to say, that within your text, this person has to off load, and get an affordable place. Without watching (and I will not), I pray I have said the right thing.

I'm more in fear of what may come later, and this is the biginning. Feel pleased you are first and not last. 'Hub

[cool33097]

I watched and I feel bad for her and as she said there were a lot of people in the same boat. The video is not that bad...she was a victim..unfortunately.

[banca rotta]

I watched and I feel bad for her and as she said there were a lot of people in the same boat. The video is not that bad...she was a victim..unfortunately.

The only time I would feel bad for her and anyone else just like her is if it was put in writing and the banker didn't honor the agreement which in this case she could file a law suit.

She made a foolish mistake as we all did and she must move on but she not a victim.

[JRScott]

It's probably not limited to single women.

Many single households of medium to lower income probably are taken in by such scams.