October 24, 2006

Stated income loan (aka liar loans) statistics in California

10 mistakes that made flipping a flop – USATODAY.com
In California, 75% of purchase loans this year have little or no documentation of income, up from 34% in 2000, First American LoanPerformancesays.

Oh. My. God.

Click here to post a comment -- Posted by: burbed @ 9:18 am

No Responses to “Stated income loan (aka liar loans) statistics in California”

  1. 919834 Blog Verification Says:

    919834 Blog Verification…

    919834…

  2. William Oliver Says:

    I didn’t know you could even do that. On every house I’ve bought, the bank went through my finances with a fine-toothed comb…

  3. Ryan Waxx Says:

    Then you’re probably the wrong race, white boy.


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