Friday, August 20, 2010

If You Wondered Why the Banks Are Broke... need only read this article, and look for this sentence;

"The previous owner, Stephanie Corulla, bought the house in August of 2006 for $555,000, taking out a $527,250 mortgage with WMC Mortgage Corp., public records show...."

I'm no math whiz, but that sounds like 5% down... on a half-million dollar mortgage...that defaulted two years later.

I want to find this woman, if only because she must give one hell of a blowjob to have gotten a deal like that in the first place.

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