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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community. © 2007 ActiveRain Corp. All Rights Reserved
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Karen, while some buyers have been duped into signing mortgages with insidious clauses, others have just been lazy about reading what they're signing. Buyers should READ and UNDERSTAND what they sign. If they're not able or competent to do that, they should have an advocate (i.e. family member, buyer agent or attorney) make sure that there are no "time bombs" in the terms - BEFORE they sign.