Records: Prof profited by buying, selling homes

[spence]

Originally Posted by justplugit

All liberal heart, lending her own Brother, at TWICE the going rate of 4.5%,
a 9.5% loan so he could get in on the action and at the same time profiting even
more for herself.

That loan was in 2000 when the average mortgage rate was closer to 8 percent I believe. The article is misleading...it also doesn't say if she underwrote or consigned the loan. If he was higher risk he might not have qualified for a good rate either...9.5 could have been a good deal for him.
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[Fly Rod]

Well Spence as much as I hate to, I have to agree some with U...he aquired the loan in 1997, 3 months of interest at 9.5 would be approximately 831 dollars, also had to pay 3 months of city or town property tax at the closing, water and sewer bill if any... does not state if he used an attorney we do not know if he used a Realtor for that property or any other properties that any of them sold....plus did he hire anyone to caulk and paint. So the story is a little mis leading as far as profit....and I do believe that in this country a person has the right to make a profit.... plus I'm not going to vote for her anyway. She is a prototype of Jane Lubchenco head of NOAA and is not for the fisherman.

In today's world at this time if a person has monies to invest I would invest in buying property and not the stock market. And I hate to say that monies R made on others miss fortune...its been happening with people buying boats...getting good deals on others miss fortune

[Jim in CT]

Originally Posted by Fly Rod

and I do believe that in this country a person has the right to make a profit.... And I hate to say that monies R made on others miss fortune...

Fly Rod, I agree with you that peopl ehave a right to make a profit. But this is the liberal hypocrisy. Because liberals are framing the entire 2012 election on their notion that wealthy people are "bad", and that wealthy people only got that way on the backs of poor people.

Liz Warren, in particular, has chastised the wealthy out of one side of her mputh, while herself engaging in some profiteering out of the other side.

Liberals are saying Romney was cruel for buying a company and selling it off, making large profits. But that's exactly what Liz Warren did with those foreclosed houses, albeit on a larger scale.

These people literally have no shame, and their hypocrisy knows no bounds. It's unbelievable.

[justplugit]

Originally Posted by spence

That loan was in 2000 when the average mortgage rate was closer to 8 percent I believe. The article is misleading...it also doesn't say if she underwrote or consigned the loan. If he was higher risk he might not have qualified for a good rate either...9.5 could have been a good deal for him.
Posted from my iPhone/Mobile device

Good observation, seems like interest rates have been so low for so long
9.5 % seems sky high.