[Positive]

I seem to remember reading that during the Depression, the banks in the Detroit area gave forebearance on all the home mortgages because of the huge unemployment situation in the Auto business.

So folks such as yourself got the same break as everybody else.

Having said that, contrary to what some here say, the bank loaned you money, but not on your word, they loaned you money on their opinion of the value of the collateral (the house) and your income and payment history.

Let's say there is a nice house in your area available for $250,000...call your bank and ask them if they will loan you the $250,000, just on you good name and word, without having a lein on the house and see what they say.

[Neidermeyer]

contrary to what some here say, the bank loaned you money
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but not their money ,, they are in no position to foreclose

http://livinglies.files.wordpress.com/2011/06/fontes-memo-9th-ciruit-bap-judge-jury-a-member-of-the-panel.pdf