Life's not fair, and if you have lost your job and can't afford your mortgage, then rent. Why should other hard working Americans always bail out those who lose out? Why should someone keep their home when they cannot pay what they promised they would? Why should banks, and ultimately US, have to take it on the chin for someone else's misfortune? Don't we already provide enough help so that people aren't dying of starvation in the streets?
We are far from rich, but we honor our commitments and we worked very, very hard to be where we are today. We will be the ones who are called on to give even more so that everyone will be equally poor and dependent on the government - just like they want us to be.
Yeah, it’s a travesty. And to add insult to injury, if you live in a Red State, the Dems want to increase taxes on only you.
After the leaked stealth amnesty memo last week, and now this, I have no doubt that they will pull some stunt to keep power.
Sounds so familiar. We just went through that and when signing the papers I noted a “deed of trust” wordage instead of the term “mortgage”. I asked the difference and was told “it just makes it easier for the bank to re-posses your house within 90 days”.
In other words, a mortgage has to go through a court of law and can take a year or more so this verbage just helps the bank grab your property if you fall on hard times.
We cancelled the re-finance.