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To: chris_bdba
I heard that the ACORN add on is out but haven’t been able to get in to doaload the bill yet. I don’t like the bill but do realize that if we don’t do this then banks acorss the country could being to collaspe and I don’t know about you but I can’t afford for my mortgage to be called in tomorrow and need to be paid in full!

Even if your bank collapses, nobody will have the authority to call in a mortgage that is not in default. That's a major legal change that emerged sometime after the Great Depression.

806 posted on 09/28/2008 9:24:56 PM PDT by supercat
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To: supercat

Thanks guys for the info. We are not in default and have always paid on time so no problems there. I jsut didn’t want to find myself in a situation where I needed to come up with $40,000 overnight to cover it. I could do it if I had time to sell things off and with our savings but it would not be an overnight thing. I’ve been a little aggitated all weekend wonfering how that would work.


823 posted on 09/29/2008 10:21:55 AM PDT by chris_bdba
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