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Foreclosure Forum |
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Stated income loansIn Reply to: We're not talking about 90 days... posted by Alfred on November 14, 2008 at 7:47 PM ** of course the only homeowners that will be eligible for the mods will be the homeowners who didn't lie about their income, debts and assets ** Do you even know what you're talking about? What do you mean "lied about their debts?" How does one lie about debt? Are you saying that everyone who used a stated income loan (most if not all entrepreneurs such as real estate investors) lied about their income? Do you know what SIVA and SISA loans are?
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