Apr 4, 2023
If you think of predatory lending as any borrowing scenario that has a high probability of causing issues for the borrower, I think that there is a good chance we should chat about the "California Dream For All" loan program from CalHFA (California Housing Finance Agency).
Schemes like this are predicated on the idea that the price of real estate will continue to rise. As we all know, that is not always true. During the last downturn, nothing was more saddening than trying to help people who had tried to take advantage of these programs and been left completely upside down and being forced into bankruptcy and short sales.
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https://soldbyrobert.com/2020/08/breaking-every-record-for-my-clients/3444
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My goal is to share my insights and opinions relating to real
estate so that you can make the best possible decisions in
achieving your real estate dreams. If you are interested in buying,
selling or investing anywhere in Silicon Valley, Morgan Hill, San
Martin or Gilroy - I would love an opportunity to discuss with you
what I can do to help you get the best outcome possible!