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Just PoliticsLeisure
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 Re: Beware the 50 year mortgage!!!
Posted by Julie/MI on 5/15/06 8:26am

Sounds like you are the Ralph Nader of mortgages, Jahari.

Sounds like you have a gripe with 50 years mortgages.

Seems to me you cannot be impartial. Why people do a 50 year mortgage is not your concern. Seems odd that you, your girlfriend and your girlfriend's sister have made poor choices--how can all three of you have problems with preditory lenders? Did you every hear of a credit union?

The Michigan Supreme court had an opinion that mortgage documents are of the everyday nature and no attorney is required. People need to be responsible for their financial own financial decisions.

Can you go into further detail about how you were at a closing and the mortgagor uncovered preditory lending practices?
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