>>> Well jolly for you. I guess you are so busy paying for those mortgages that you’ve ignored every bit of economic news for the last 4 years.>>>
In response to your kindergarten chant, I am well aware of every bit of economic news the last four years. I wish I had been able to sell two of the four properties with those mortgages but could not. Thus, I have skin in the game. But I’m not whining about the banks or the sellers or anything else.
I think it’s instructive that you deride paying mortgages Shows true colors.
Spend a little time researching those four mortgages and you just might find reason to be less complacent. This is not just about people who have been foreclosed upon, it’s also about people who have been paying on a note to entities with no legal basis to receive the payments and no clear claim upon the property as collateral for the loan.
It’s a legal nightmare, fraught with corruption and fraud. But, you’re OK with that, it seems, and you’re not alone. Just why that is, I’ll never understand. There are two parties to those contracts, under terms to which both parties are legally bound.
Breaking the law and defrauding not just investors but homeowners themselves is a far more serious infraction than default, the consequences of which are clearly laid out under the terms of th contract.
Your priorities are strangely askew, here. You’ve said you have “skin in the game.” It’s clear that you do, above and beyond those four mortgages.