Posted on 06/09/2011 11:10:52 AM PDT by Scythian
MODERATOR, I OPENED THIS UNDER CHIT CHAT AND WANT MY TITLE, THIS IS NOT A NEWS STORY POSTING
Charles and Jill Segal have not made a mortgage payment in nearly five years -- but they continue to live in their five-bedroom West Palm Beach, Fla. home.
Lynn, from St. Petersburg, Fla., has been living without paying for three years.
In Thousand Oaks, Calif., an actor has missed 30 payments, and still, he has not lost his home.
They're not alone.
Some 4.2 million mortgage borrowers are either seriously delinquent or have had their cases referred to lawyers to pursue foreclosure auctions, according to LPS Applied Analytics. Of those, two-thirds have made no payments at all for at least a year, and nearly one-third have gone more than two years.
http://finance.yahoo.com/news/Foreclosure-limbo-Staying-cnnm-989137852.html?x=0
I FEEL LIKE A COMPLETE IDIOT, I ALWAYS PAY MY MORTGAGE ONTIME AND HAVE EXCELLENT CREDIT. HOWEVER, THE ECONOMY IS GOING TO EVENTUALLY CRASH AND WE'LL ALL LOSE OUR HOMES, SO I CANNOT FIGURE OUT WHY I AM PAYING RATHER THAN JUST STOP PAYING AND SAVING THE MONEY?
I GUESS BECAUSE MORALLY I COULDN'T DO THAT, AND I MADE SURE I COULD AFFORD MY HOUSE, AND I GOT A FIXED RATE MORTGAGE RATHER THAN GAMBLE THAT I WOULD EVENTUALLY BE ABLE TO AFFORD IT LIKE THE REST OF THESE LOSERS. I'M PISSED.
(Excerpt) Read more at finance.yahoo.com ...
You have an interesting way of rationalizing not paying your obligations.
Most of us get loans from mortgage brokers who sell the mortgage to another entity. The same thing happens with banks and even credit unions in many cases; this doesn't change the fact that an organization owned by individual investors not unlike you or me... loaned you money which you agreed to pay back. It doesn't make any difference how the mortgage was packaged or sold or traded... people gave you the money and you agreed to pay it back. Not doing so when you are capable of doing so, makes you nothing more than a thief, or possibly worse than a thief.
You can rationalize all that you want about this. It is still wrong and you and I both know it.
You have an interesting way of rationalizing not paying your obligations.
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I have a thousand years of common law to back me up.
Nope. I couldn't be more serious:
After the example the banksters set, paying your obligations is now for suckers only.
Especially when your obligations are to an industry that is not allowed to fail, but which industry would throw you and your family onto the street if you fail.
if you and I have some kind of business arrangement where you agree to pay me an amount of money in exchange for a good or service once you obtain that good or service from me you would not pay me any balance you owe me?
Lend me some money and we'll see.
So, you are a thief. I still believe the "thou shalt not steal" thing. I have several houses that I could have defaulted on and walked away from. But I made a deal and I'll stick to it. Unlike you apparently.
Lend me some money and we'll see.
Not a good idea. I would not send guys in suits with law licenses to collect. You would pay one way or another.
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