Who do you consider to be more unethical, Mortgage Lenders or Used Car Salesmen?

Answer 1

Attorneys. It not mortgage lenders who are evil, it is the mortgage brokers. Big difference.

Answer 2

I think it is the brokers. and who ever run the MLS And the NAR. There is no credibility left with most of the home industry.

http://www.breakingbubble.com/

This web site tells how they scammed the public, shame on them all.

Do you really think that all these defaults are done by dishonest people or just stupid people if that was the case it is your fault for lending the money.

You think these defaults are what the lenders need to worry about if i was some loan officer that pulled the wool over some guys eyes what you need to be worried about is some guy at the end of his rope.

Force some guy in the a corner have him struggle a few years jack his mortgage up stress out his marriage, the wife leaves she take the kids now the DA want half his check as the banks take his home, this just might affect his work performance so now he is fired. He just might pop open a beer think about what started this mess and realizes that he is total free since everything has been taken from him that he has worked for.

I sure hope know one like that walks in to your office as you think i got another one and shoots you right in the face, what does he have to lose??

I wish you ten fold of every thing you deserve my your concise decide if that is a curse or blessing

Answer 3

It's funny how you can disclose everything to a borrower and they (when they can't make their payments) want to blame the person who brokered the loan.

I tell them...," this is a two year fixed which means......" they sign on the dotted line because that is all they can afford at the time and they are about to file BK if they don't do it. It saves them for a few months and then here they come again talking about, "how can I get out of the prepayment penalty"?

If someone knows car salesman are slick then walk off the lot. Take a breather or better yet, don't go on the lot in the first place. You've got all the time in the world until you willingly sign on the dotted line and your right of recission has passed.

Consumers need to get off of sales people. I always get this sneaking suspicion that the people I sell to get off on being sold and walking through the process. They like being told what to do and drawn into making a decision. They love it...

Who is unethical? The buyers are the ones lying all the time. Get into sales for one week and you'll see why we do what we do. Buyers are liars and they will waste your time if you don't play hard ball with them.

Answer 4

Used cars salesman, esp because a majority of them do not disclose the cars problems even if you ask them about the car's issues.

Mortgage lenders are not as bad and you can do something about them. Read all the fine print that the mortgage lender gives you. If you do not understand their contract, ask your lawyer to intepret it for you and ask your accountant to review the financials for you. You can do all this before you sign some poor deal.

As for buying a lemon; even if you ask all the right questions, used car salesmen tend to mislead by not revealing the whole truth or omitting certain info.

Answer 5

The guy above me, Drew, is a moron. He makes it sound as if it was the lenders fault these people cant pair their bill. If a mortgage broker tells you you qualify for a loan that is 2500/month, and you only gross 3000/month, is it their fault when you sign for it knowing that you cannot make this payment. Did anyone hold guns to the heads of these people. If a lender tells you that you can afford the loan, and you know you cant why would you sign? If i told you that you could jump off a bridge and live, would you do it? No so why when someone tells you you can make the payment, and you know you cant, why is it their fault?

Answer 6

My opinion--Used Car Salesmen. They don't have near the legal standards to abide by. Mortgage Lenders may rip you off a little, but they have more hanging over their head if they mess with the law. They are nothing like what a used car salemen will do to fool you into a "deal".

Good question!

Answer 7

i'm purely in the technique ... of procuring for a clean vehicle - a Mitsubishi Colt* - from a mate. yet another mate is driving me over to Sydney on Saturday morning so's i will catch a flight as much as Brisbane. i became a passenger in one approximately six months in the past and that i became inspired; I netted it - I regarded at each and every ingredient of the specs - I recognize one if I see it on the line; i understand this vehicle 'backwards' and that i like it. Now, if it became a faith in keeping with an invisible sky swooper i'd be up crap creek in a barbed twine canoe without a paddle, would not I? i would not be waiting to internet it cos all i'd get have been human beings's impressions of right here-say. No-one woulda accomplished a attempt force in it cos it would not have existed - the final time there became information of it latest became purely until now a flood that wiped out each and every little thing different than for some animals and stupid 'carry on with the chief' teenagers and their compliant better halves. .

Answer 8

Ppliticans, lawyers, and most govt officals including most presidents.

Answer 9

You are making a very broad generization that required no thought process on your part...shame on you.