do homeowners need to take some of the blame for sub prime loans?

Posted by admin
raychels mom asked:

my boyfriend and i recently bought a new townhome. its not our dream house, but we wanted a starter home so we were not over our heads. we did LOTS of research on pricing and mortgage rates before we signed anything. i know that people dont buy starter homes like the used too and i was wondering if anyone else agrees that if alot of these homeowners had took the time to really investigate about sub prime lending would they not be in the mess they are in now?

Question posted courtesy of: Denise
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This entry was posted on Friday, May 30th, 2008 at 6:33 am and is filed under mortgages. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

« Where could I find terms and conditions (eg, disclosures, forbearance) for a sub-prime mortgage?
What is the chance of a quick Solution to the Sub-prime / liquidity crisis? »

One Response to “do homeowners need to take some of the blame for sub prime loans?”

  1. newjerseyguy Says:
    May 30th, 2008 at 7:48 pm

    You are certainly correct.