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Bailout

: Calculated Risk

Late Night Jim the Realtor

By Anonymous

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Jim writes: "Old what's-her-name left a long trail of wreckage in her fraudulant ways of 2007 - this is the last of 10 houses sold with 100% financing where they increased the sales price by $100,000 over list, pocketed the difference, and promised the buyers that they would rent them out to lease-optionors. All but one was foreclosed, that one the owner coughed up $300,000+ to save his credit."

Full post as published by Calculated Risk on January 09, 2010 (boomark / email).

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