While it is true that a timeshare contract is a binding legal document, it is often mistakenly thought that such a contract cannot only be cancelled. In fact, most timeshare companies maintain that their contracts are non – cancellable. This misconception is perpetuated by timeshare companies and user groups that are funded, maintained and controlled by the timeshare industry.
The FHA 203k loan program provides home buyers the opportunity to buy and fix up a property, without exhausting their personal savings.
This is just a slap on the wrist for an institution their size. Ho-hum, just the cost of doing business. No worries for these Mega banks. They just take a one time write off and go one about things as if nothing had happened. Seriously, has anyone in charge been punished with jail time or any personnel fines? The answer is a resounding "NO" but if a Loan Officer makes a mistake with his or her marketing. It is a $10,000 personnel fine and a year in jail. The people that almost brought down the world economic system have not done one day in jail. In fact, NO INDIVIDUAL has even admitted to wrongdoing. These headlines are supposed to make the public think justice has been served but far from it. The hundreds of thousands of lives that were destroyed so the uber wealthy individuals could become even wealthier is sickenly wrong.