Comments on: Better Living Through Defaulting: Everyone’s Ditching Their Mortgage

By: just dance 2

just dance 2 — Fri, 26 Aug 2011 22:51:59 +0000

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By: Brandee Roughton

Brandee Roughton — Fri, 23 Apr 2010 23:19:21 +0000

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By: Jim Bisnett

Jim Bisnett — Sat, 30 Jan 2010 15:18:26 +0000

Appraised values on homes in some regional markets have dropped up to 50 percent from the peaks in 2006. When a homeowner in this situation has a negative 20 to 50 percent equity interest in their home and cannot make the payments the only choice is to turn the keys back in to the lender. Mortgage lenders cherry-pick the home loans they will modify and will not touch a home mod for any "underwater" mortgages in this market. Of course, home refinancing options are out of the question, so that is the plight of the unwitting home buyer that got lured in to the buying frenzy from 2004 to 2007.

By: Big Government » Blog Archive » Better Living Through Defaulting … Chase on me

Mon, 21 Dec 2009 12:10:24 +0000

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By: jacks_liver

jacks_liver — Sun, 13 Dec 2009 14:13:46 +0000

Sounds like Cloward & Piven's strategy is working perfectly for our liberal progressive leaders. Eventually the system will collapse under its own weight. It's nice for individuals and corporations to have the option for bankruptcy, but our government doesn't have that option. Even a smaller government could ask for a loan from the US or China, but when we collapse there will have to be a full on restructuring of our society which will probably include getting rid of that seldom used document called the Constitution. Elections have consequences.

By: Big Government » Blog Archive » Better Living Through Defaulting … Counseling on me

Sat, 12 Dec 2009 20:00:24 +0000

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