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Message
re: Is "walking away" from a mortgage wrong?
Posted on 10/11/12 at 10:31 am to Swifty
Posted on 10/11/12 at 10:31 am to Swifty
quote:Profound
A mortgage is a loan, not some magical entitlement bestowed upon the masses by Jesus.
quote:Enlightening
Its an agreement to pay later what you could not pay now
quote:You think the debt holder is doing this out of courtesy?
In most cases, people will live 6-12 months in a property pending forclosure withouth making a single payment. I'll suppose you would be of the opinion that the lender owed them that time
quote:
Grow up
Again Big picture...you don't see it.
Posted on 10/11/12 at 11:12 am to LSUAfro
quote:
LSUAfro
Alright, I yeild. I agree that we need to get people back into the economy any way we can right now. But I'm fearful of the moral hazard walking away creates.
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