I found this video, but don't know what to think, some people say it is fake, very possible, and I am not sure I got for 100% what the case was about, but made me to jump to the subject from my own experience bringing my life into not official bankruptcy, but officially screwed my life for many years.
This note is a warning for anyone who wants to purchase the property through the bank loans. When Economy crashed and I didn't have enough income to cover my mortgage which was about $2000, I was talking to banks to give me some relieve for a while, and to work things out during difficult times, only what I got from them was - a big fuck, they said I have to refinance the house ....really, paying $ 3000-5000, I don't have. I did a math after I lost my house and got the game name. I paid cash to the bank in 3 years around $64,800, they sold it for about $130,000 (why they couldn't recalculate for me for the same price is a question, and here is a answear) They got $194,000, the property value is $160,000 now after 7 years, so they won $34,000 in a quick shot even they sold it to me for $260,000 during housing boom. Guess how many houses they resale driving the people out of homes. Guess and make a math. I hate banks and as I said earlier they not gonna get a penny of me. If someone thinks it is a easy way to keep your money safe, you're mistaken. You were used for them to produce more money and possibly to get you down. They have to pay % for using your money, do they? No, they just put more charges and rules for using your own bucks.
https://www.youtube.com/watch?v=NMRUBlaS_qk
