What is a liar loan as I never heard of the term?
I cringe at your question and realize that your description of a LIAR LOAN is what has gotten us in the big mess we see today… only – who lied and who was the victim? At the risk of sounding political – WE are the victims of your so-called LIAR LOAN – WE = Mom & Pop Tax Payer, Joe Q Citizen who always paid his credit card debt & never over extended, Sally Citizen who raised her children as a single mom and never went out on the dole…. I hope if a LIAR LOAN is still available – that the people dishing the money out don’t continue to expect the above stated citizens to pay for their irresponsible behavior. Okay – I’m off the soap box…
