Dammit, my house is paid for.
If I take out a 2nd mortgage on it, never make a payment, and wait for foreclosure, can I get free money from the US Printing Press too?
May even be cheaper by the dozen....buy more!
“If I take out a 2nd mortgage on it, never make a payment, and wait for foreclosure, can I get free money from the US Printing Press too?”
If you feel a $300-$800 payment is worth losing your home over.
The settlement is required by the banks for the Robo-signing scandal where the banks sidestepped proper foreclosure procedure. The banks only have themselves to blame, and I doubt the $300-$800 payment most will get will make any of those people feel any better about losing their homes.