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Author: SeattlePioneer Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308858  
Subject: Re: walking away Date: 3/1/2008 3:36 PM
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Just a guess, but I'll bet You Walk Away collects their fees in advance. Pretty hefty fees too.


And just what services do they in fact provide for those fees? That's never very clear in the article.


In another year or so I expect the NYT will be doing an article about how people like the person described in the article became the hapless victims of You Walk Away and similar businesses who charged people high fees for negligible services.


It's a New York Times formula, I think.

Have glowing articles about Home Equity Lines of Credit when times are good, and tout those programs. When time are bad and the chickens come home to roost, interview much the same kind of people who are now the victims of the schemes previously promoted by NYT publicity.



Seattle Pioneer
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