Published on:

TV Real Estate Student – Bubble Burst

Her 29-year-old daughter, a graduate student with an annual income of less than $20,000, qualified for a mortgage of $600,000 with no money down, split into two different loans at 8.75 percent and 12.5 percent interest rates. With income from tenants . . . Beatty’s daughter thought she could afford monthly payments of nearly $5000.
read more | digg story
This story will have the names changed and duplicated.

Published on:
Updated:
  • joey

    Stupid is as Stupid does. She should have known her limits and been more responsible.