Quote:
Originally Posted by Vonn07
that was on the news here too ... and the 'financial experts' were talking amongst themselves at whose fault it was .. the bank's, the owners, and if they didn't know how to have big loans like that in the past, why were they given ALL of it at one time??
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I'm just wondering if the lender was
hoping that they'd default so they could take the house??
I'm sure the house and land was worth more than $450,000.
It's a shame 'cos there are so many deserving people who could really benefit from the homes that are being built. This will probably make the companies that volunteer their time and services think twice before offering.
