I Can't Buy My House Now
- Apr 28, 2017
- 1 min read
After my email to DeAnne (Included here again for reference) was dismissed and not responded to, I had hoped that my prediction was wrong about the merchant agreement. I had hoped that everything I knew about credit and merchant applications and the like could be wrong- because I didn't want to see anyone lose out on things like home ownership.
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And today, this was sent to me. I'm just speechless. The only thing worse in this respect, in my opinion, would be to have the bank take a lien on a house you already own- all because someone didn't disclose the full information about what the consultants were signing. Banks can take assets. I keep saying that. Banks are money- and they want their money. If there are assets that can mitigate losses a bank may incur from things such as fraud and chargebacks- an unprotected entity such as a sole proprietor could have an issue. (From how it was explained to me by an attorney, a mortgage lender, and a banker) I feel for this woman firsthand, because this was my fear for myself had I chosen to "go all in" and trust LLR.
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