Funny thing I just seen an ad on TV for some REI guru on "how to flip houses using others people money" coming here and would take your advice any day of the week than his.

That's a great find Dion, but....Are those Acts to installment sales such as a TV rent to own shop which is the same thing or specific to RE?

It could be a TV, furniture, a vehicle or real property.

Our society is so full of distractions which result in mental clutter and inability to think clearly.Shut off the TV, get a mentor you trust implicitly, follow the mentor's directions closely and don't look back.

If I'm going to lose money, I'll just sit at home and watch tv and not lose anything.

The compensating factors here may have been the down payment, (LTV) and length of time on the job as well as credit standing and obvious personal management skills, especially if there were no other debts or if another debt would be falling off in short order, say like 8 months.A bank could fund that loan as a QM, it doesn't have to meet all Fannie Mae guidelines.The main horse of the CFBP was on TV this AM.

It's on alot of things, from TV to some internet videos I watched.

Take the six months it would take you to repay the money and learn for yourself.I hope youre not the kind of person that watches commercials on TV and go arguing with your doctor how much better for you it would be to get the drug from the TV commercial versus what he's been prescribing for you that's been working just fine.

If you start seeing people in gorilla suits standing on the corner with a sign stating something like "Free Flat Screen TV with Lease!"

TV news might take an interest in exposing this sort of neighborliness and gov't gone awry ...