A mortgage agreement is a legal contract. We live in a civil society with obligations to fulfill contracts.
Not paying your mortgage, and keeping the money you owe the bank who lent it to you is very risky & short sighted. Morally reprehensible IMHO.
Do the right thing, no matter what others around you are doing.
“Do the right thing, no matter what others around you are doing.”
Thought this sentiment should be repeated!!!
A mortgage agreement is a legal contract. We live in a civil society with obligations to fulfill contracts.
Not paying your mortgage, and keeping the money you owe the bank who lent it......
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What if the bank that “lent you money” didn’t actually lend anything and the real lender is not disclosed on any of your documents ... you’re holding a void contract.. how do you honor a contract that doesn’t exist? After 30 years and 360 payments you’re going to be REALLY upset when you find out the ownership of the house cannot be determined... Will the “bank” give you a big wet kiss for all the payments received in repayment of their fiction?
For fun go back to your title/closing company and get a copy of the checks produced and the wire instructions/confirmation from the funding agent (”intermediate funding agent”) along with the disbursement instructions and copies of any mail/e:mail from the file you can get,, that and find the beneficiary on the title insurance policy you had to buy on behalf of the bene will tell the story. THEY HAVE TO GIVE YOU THE FILES .. YOU OWN THEM YOU PAID FOR THE WORK ... LEARN ... THEN YOU CAN SPEAK OUT...
Most of these people don’t understand the full story but they have the right idea ,, kind of like how my 81 year old mother knows how to drive but has never known how or why the car works ... she knows the results of turning the key or pressing the brake just as these people know the “lenders” can’t produce ownership docs without resorting to felonious activity ,, forging new docs with false signatures in the names of defunct entities and presenting them to the courts as if they were real documents... Why is that??? Makes yo go HMMMMM...