[porsche060]

Schmuck #1
Some schmuck gets a mortgage with no income! Don't you think she should of known there might have been an issue. NO BAILOUT OF OUR TAX MONEY FOR IRRESPONSIBLE PEOPLE. Victim my ass
http://www.nydailynews.com/money/200...ers_mortg.html

The growing wave of foreclosures casting a shadow over the nation's economy just crashed over 63-year-old Eva Murphy of Queens.

The former airport worker says she became a homeowner after a representative of a company called 2000 Homes showed up on her doorstep in December 2005.

The sales rep told her she could afford to buy a house even though she had bad credit and lived on an amalgam of government subsidies.

The 2000 Homes sales rep promised Murphy a house with a mortgage she could afford. She says he suggested a two-family home on Roscoe St. in Jamaica, Queens, for $430,000.

After the closing, she discovered the price was actually $538,000.

Murphy says she was told monthly payments would be about $2,000. S
he later learned they would be $3,990.

She also learned that even though she has no full-time job, her mortgage application listed her as a $9,000-a-month "marketing manager" for a company owned by her loan officer's husband.

Ten months ago, her house ended up in foreclosure.