I am college educated & I can't understand that "gibberish" from realtors & banker, so how do we expect poor;y educated people to understand. Not to even mention the contract itself that might as well be written in Latin with all the "legal eagle language" based on Latin.
Bankers knew that people w/out jobs & no money for down payments count not afford what the bank was financing. The BIG banks knew they would be baled out: mainly the small, local bank like Cooperative would not.
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