Asset rentals
August 26th, 2005 by 
InLibrisLibertas
Just when you thought it couldn’t get wilder - “Call it “funny money” for the housing boom: Now you don’t need actual cash in the bank to buy a house. All you need is somebody who says you’ve got money in the bank.
Need a hundred grand on deposit to convince a lender you deserve a million-dollar mortgage? You’ve got it … even though you haven’t really got it because you “rented” it from a company in Nevada for an upfront fee of 5 percent: $5,000.”
Posted in Real Estate | 