Walk Away From Mortgage When It Makes No Sense
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Whether they knew that their home would depreciate &/or appreciate was not part of the contract they signed w/the lender. They signed a contract and can still afford the payments therefore they should honor the agreement. If they could not legitimately afford the payments, then they would have no other recourse but to mail the keys to the lender.
edenicfuture 1 month ago
Confusious Say..(A Fool And His Money Are Soon Parted)..He who continues to pay the bank for a home that will never return your investment is a FOOL!..Better to rent and buy Gold
polpotlives123 1 month ago
Lucky me I live in Oregon and its a no recourse state....I know several people that have been living in their homes for near four years payment free...also I did consult 2 lawyers to make sure I would be free and clear since i do own another real sweet duplex..Lawyers said the bank cant touch me..So there you have it Boy!
polpotlives123 1 month ago
@polpotlives123 Update, you cannot file for Chapter 7 Bankruptcy protection after the 2004 Bankruptcy reform act. All the debts you have are your for the rest of your life. If you make any wages, or profits from investments, the lenders and the IRS will track you down and garnish your earnings. Not so lucky are you boy?
He101A 1 month ago
It's really simple, the price of ignorance is slavery and impoverishment. Most Americans are ignorant, so most will lose everything.
He101A 1 month ago
You didn't agree to the mortgage assuming the value would increase. You signed the mortgage as-is. You don't have the right to just walk away. You made an agreement, you need to honor it.
Landotter1 2 months ago
Q: 1:04 A: Because your mortgage company works for the banks.
gaBehcuoDsuoitneterP 2 months ago
They paid 355,000 dollars for THAT shoe box?
gaBehcuoDsuoitneterP 2 months ago 2