Well that's great, but saying that people should be able to get out of their mortgages doesn't square with that.
As I have said many times; if housing prices had gone up; no one would be concerned about how mortgages are securitized.
We just have a lot of people looking for loopholes and for cover.
And if it was my home that had declined in value by 50% and I put 0% down; I might be one of them.
We are a nation of excuse makers and blame shifters. Personal responsibility is a quaint concept of the past. And it may destroy our nation as we know it.
That is a goal of move.og.
I guess personal responsibility is a one way street, eh?
“A Morgan Stanley property fund failed to make $3.3 billion in debt payments by a deadline on Friday, handing over the keys to a central Tokyo office building to Blackstone (BX.N) and other investors, the largest repayment failure of its kind in Japan.”
Well that’s great, but saying that people should be able to get out of their mortgages doesn’t square with that
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People aren’t “getting out of their mortgages” ,, the mortgages were invalid from inception , they don’t really exist according to the TILA laws , they weren’t mortgages they were undisclosed securities contracts with hidden parties , they cannot and will not stand.
When people start realizing that the foreclosing entities are the ones that have been getting the “free house” you’re so upset about ,, that they NEVER LENT THE MONEY ,, then your attitude will change .. you’re just conditioned to accept the banks argument because “they’re the bank” ,, WELL ; THEY”RE NOT THE LENDER ,, the way the Wall Streeters constructed this scam is to ensure thatthey through control of the servicing and trusts would always be between the lender and borrower ... SO THEY COULD CONTROL THE INFORMATION...