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6/1/10--The "Never-Ending" Mortgage Program From ING; Are Home Loans Now Worthless?; Bank Closures; Barclays To Sell Servicing Unit |
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Tuesday, 01 June 2010 07:12 |
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I have a money making idea! I will put an ad out there, stating that mortgages are unconstitutional and guaranteeing to do away with everyone's home loan - for only a non-refundable fee of $25! Oh, wait a minute - someone named Scott Wright beat me to the punch. I am sure that he is tired of people in the mortgage business having bad reputations, and has only the best intentions: http://condemoserv.com/blog/. This is great news, since if he is correct, trillions of dollars of home loans are worthless, and now all properties will be purchased with 100% cash. But something tells me Wright is wrong, in spite of the wording, "This is not a scam."
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