How to Skyrocket Your Profits with Distressed and Foreclosure Properties As hundreds of billions of dollars worth of these loans “reset” to higher monthly payments, many so-called [tag]subprime borrower[/tag]s — historically those with shaky credit histories — are sitting on financial time bombs. They’re finding out the hard way that the paperwork they signed may have buried them under a crushing debt load they can’t sustain. For some, the lesson learned is: “buyer beware.” But a series of interviews with subprime borrowers, mortgage lenders, appraisers, current and former regulators, and the inspector general of the Department of Housing and Urban Development paints a different picture — of a widespread pattern of questionable lending practices and outright fraud that has already sparked a wave of criminal and civil actions against various players in the $10 trillion market for [tag]residential mortgage[/tag]s.

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