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To: mdittmar
You pay the mortgage,you keep the house,you don't pay the mortgage,you lose the house.

Yeah, that's what lead to the Great Recession. A whole bunch of people bought houses with little or no money down in the expectation that their houses would increase in value and when the housing market tanked, they lost their jobs and then their houses.

27 posted on 10/14/2013 5:23:18 PM PDT by vbmoneyspender
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To: vbmoneyspender

Yea,well,that’s life,stuff happens.


28 posted on 10/14/2013 5:38:05 PM PDT by mdittmar
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