tag:blogger.com,1999:blog-33399132.post8611875448734504910..comments2024-03-04T08:09:21.453-08:00Comments on Richard's Real Estate and Urban Economics Blog: It's the ARMS, stupidRichard Greenhttp://www.blogger.com/profile/02161226214739034402noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-33399132.post-2037908803242791562007-07-19T18:44:00.000-07:002007-07-19T18:44:00.000-07:00The prepayment penalty is what brings em back to g...The prepayment penalty is what brings em back to get refleeced. Tactic of the con-man: Sell them something defective, but make sure they come back to you to help them with their little problem. If loyalty to that trusted, helpful loan officer doesn't work, the $30k prepay will every time. Capiche?<BR/><BR/>Other Variant: Owner of retail glass store hires youngster to go out and shoot windows up and down the main streets of town with a BB Gun. They now have a problem which the store owner will gladly help them with.Anonymousnoreply@blogger.com