Loan crisis locks out would-be buyers -

Loan crisis locks out would-be buyers -

There are 4 comments on the Baltimore Sun story from Aug 11, 2007, titled Loan crisis locks out would-be buyers -. In it, Baltimore Sun reports that:

Laurel Tokar made one of the biggest financial steps in her life a few weeks ago when she signed for a mortgage on her first home, a white Colonial in North Baltimore's Wilson Park.

Join the discussion below, or Read more at Baltimore Sun.

Chuck Perry

Hampstead, MD

#1 Aug 11, 2007
The loan crisis locks out would be defaulters, not buyers. In order to be a buyer, you must satisfy the first predicate of purchase, and that is affordability. You show contempt for your audience, and ignorance of the basic facts, when you create from every story you write on this matter a new and more pitiable victim class.
It Is next

Newburgh, NY

#2 Aug 12, 2007
The bigger problem is 21 year olds buying houses. Laurel Tokar looks really responsible, just as tattoos are a most have thing for kids so is having a house!

Wonder if she even brought any $$$ to the table.

She is a foreclosures waiting to happen!
Tyrone

United States

#3 Aug 12, 2007
Another 20-dumbthing thinking they can take on crippling debt and pull it off. Tokar, you're an idiot. Wait a year or two, save some money, and PAY LESS. Housing is coming down folks. The easy money is dead. DUHH!

"The problem is exacerbated in states with pricey housing markets, including Maryland, because loans that are more difficult to obtain include jumbo mortgages that exceed $417,000 and so-called 80-20 mortgages, which are two loans that cover the entire cost of a home so that no down payment is needed."
Laurel Tokar

Baltimore, MD

#4 Jan 15, 2011
3 years down the road and doing fine... thanks for all the lovely comments putting me down. I work my butt off every day and have something to show for it. what do you have?

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Home Buying Discussions

Title Updated Last By Comments
News Craig Barrager Remax Real Estate Centre (May '14) Apr 21 where tax cash going 9
Fixer Upper Vs. Move in Ready Mar 29 Melissad79 1
will staying in motel waiting on house closure ... Mar '17 wispy 1
News Real Estate Agents: Single-Family Homes a Hot R... (Jun '12) Mar '17 oat 256
News How to buy a house Mar '17 SBaer 3
Steps to take if transaction amount was wrong d... Mar '17 dremaer79 1
News Buying homes tough for young families (Aug '14) Feb '17 Gustan Cho 9
More from around the web