New Consumer Article August 21, 2008
Today's new consumer article is The Moment of Truth, Signing Bad Loan Documents and the Right of Rescission, which discusses the Moment of Truth that happens in every loan - when the loan documents are presented. Ideally, there should be no surprises in those documents, but that's not the way it usually happens, and this article deals with what you should do (don't sign) and what happens if you do.
In real estate, the saying, "An ounce of prevention is worth a pound of cure" is a gross underestimation. It's more like a microgram of prevention is worth several tons of cure. This is a case in point.
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