December 2008
While it was sloppy/greedy “stated income” no-doc teaser-rate reverse-equity 105% loans that enabled Juan Drywallhanger and his old lady, Amber Asstattoo, to “buy” a 2,800-square-foot stucco monstrosity on a 3,000-square-foot lot in the Adobe Falls development behind the Sunburst Towne Center’s (now closed) Bennigan’s and Linens ‘n Things in the first place, it was the artificially cheap borrowing...
