That about sums it up. Used her house as an ATM, and got burned. So sad, too bad... but why should people who refrained from such foolishness be required to bail her out?
Not only refrained from such foolishness, but paid extra in the form of points to get a lower locked in rate. So now not only do I have to pay my mortgage, plus the points, plus a rate that was higher than her low adjustable rate, but now I should have to help her pay her mortgage???
How about someone helping me? How about adjusting MY mortgage?! I’ve never missed a payment, took a part time job to help make ends meet, I don’t go to Disney, never buy “new” cars and I just canceled cable to save money.
Why is it always me that has to pay to help these people?
>> but why should people who refrained from such foolishness be required to bail her out?
We’re in bigger trouble when we point our fingers at the gullible and give a pass to those that scammed them. Furthermore, bailouts have already been given to the scammers.
I pity those who thought they were working within a viable, trustworthy system. I condemn the scum Congressmen and opportunists that seized on the unwitting prey.