2010-01-16 — blogspot.com
" As many Americans begin to realize that it will be many years (if not decades) before their houses are worth what they owe on them, the idea of walking away from your mortgage is going mainstream. Not surprisingly, the mortgage industry is doing everything it can to prevent this, including telling homeowners that they have a "moral obligation" to pay."
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tvsterling at 00:51 2010-01-18 said:
The Banksters have a lot of gall to appeal to morals. They have the morals of forty year old hookers & drug dealers. A stray cat is a paragon of virtue compared to them. The fact that they have a double standard when it comes down to THEM walking away makes it that much more disgusting. People who live in glass houses shouldn't throw stones. Actually, let's all go down to the nearest Bankster's mansion & start throwing stones. PermalinkDinochick at 08:32 2010-01-19 said:
Due to the lack of jobs in the mortgage industry, and working sporatically, my finances have really taken a hit. I have been current with my mortgage (yes I am upside down on my home), but credit cards have taken a back seat. Only had enough unemployment money for the house, not credit cards, and then I got more in debt because I wasn't working. But I like this "moral obligation" explanation, it falls into the credit card companies (they are just as bad in many cases) as well. I paid them the "risk" money in the interest rates. I have had many of these accounts for awhile, so they haven't really lost money after all the interest I have paid. When things get normal, then I will worry about my fico score. It takes only a few months to ruin it, and years to repair. That is wrong!!! Permalinkadd a comment | go to forum thread
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