So then the deadbeats should then be allowed to live in the house rent free?
Once again I repeat - the surest way to avoid foreclosure is to stay current with the terms of the loan.
It really is amazing to see here on FRee Republic - arguably the most rock-ribbed conservative/free market/libertarian bastion on the face of planet earth - how readily the populist/Marxist theory is adopted.
“Malefactors of great wealth,” was the term the progressive Theodore Roosevelt used.
“Evil bankers,” “predatory credit card companies,” “loan sharks” and on and on and on.
If you cannot handle debt, then don’t use it. But if someone is willing to lend someone money, he should have the expectation of being repaid.
‘If you cannot handle debt, then don’t use it. But if someone is willing to lend someone money, he should have the expectation of being repaid”
Sure and lender should accept the risk of not being repaid just as they accept the reward of being repaid.
I’m amazed you are supporting banks committing criminal acts and undermining property laws across the country. But then again you’ve admitted to being a banker.
current with whom?
if a servicing bank does not have standing to forclose then there is no standing to give a pay off.