Re: Foreclosure question

Posted by observer (205.188.199.188) on July 11, 2002 at 23:33:39:

In Reply to: Re: Foreclosure question posted by Why Chat on July 11, 2002 at 21:12:25:

Actually, I'm some more curious to know how one gets a "no income/no asset" loan. I keep remembering those old Money&Banking textbooks about the "capacity to repay" is an important determinant in the decision to grant credit. Guess I'm getting to old for this innovative financing stuff.

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