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THEFT BY MORTGAGE: What "They" Don't Want You to Know
by Michael Burdick
Product Group: Book
Publisher: Associate Publishing Group, LLC. (2006)
ISBN: 097879060X
Hardcover
SKU: 70905279
Condition: Used: Like New
Comments: Sold with pride and shipped with confirmation for US addresses. No publisher marks, no shelf wear.
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Editorial Reviews
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Product Description
Shows the 7 most common ways that brokers cheat you. Teaches you how to save thousands of dollars on every loan, never pay closing costs, eliminate all origination fees, and protect yourself from predatory lenders. Includes a bonus CD-ROM in rear pocket. 290 pages.
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Customer Reviews
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Not worth the time or the money if you have a clue about mortgages
Rating  (1)
Date: 2008-05-30
I found this book to be very disappointing. Maybe, if you don't have a clue about mortgages, you might find it helpful, but you'd be better off getting information from other sources. For those of us who are marginally financially literate, I'd skip this one.
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Great for the price..
Rating  (5)
Date: 2008-04-03
Husband and I appreciated the information as we are first-time buyers who were not familiar at all with the "realities of real estate" It did help quite a bit, learning the language and learning to navigate what is the largest purchase of our lives.
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Entertainment Value Only
Rating (1)
Date: 2008-02-17
2 out of 3 customers found this reveiw helpful
I checked this book out from a library to see what it had to say (I only later noticed the "As Seen on TV" label on the cover...). This has got to be one of the most content free books I have ever seen. The book is approximately 300 pages long. The last 100 pages are the text of three relevant legislative bills; text that is easily available over the internet and presumably are present on the included CD (my library copy didn't have the CD). 50 pages are a glossary. Of the remaining 150+/- pages there are many chapters that are either partially or nearly completely reprints of other freely available information. The actual original content of the book amounts to a very few pages and can basically be boiled down to: 1) mortgage brokers are all thieves, 2) they collect huge undisclosed payoffs from lenders and only slightly more visible but also exorbitantly high commissions from you, 3) you shouldn't pay these fees. Oh, and he also tells you repeatedly that he is a Realtor and that Realtors are good, honest folk that you should trust (reason: although they also collect high fees from you, they are required by law to disclose them).
The most interesting part of the book, and the one that tipped me off that it wasn't going to be a good book, was the special disclaimer section at the beginning which basically says everything in the book is merely the opinion of the author and should only be used for entertainment value. Exactly.
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