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shivermetimbers -> RE: Owners Stop Paying Mortgages, and Stop Fretting (6/1/2010 10:09:27 AM)
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With everything stacked in the bank's favor, why the hell not? The banks got bailouts, and it's not like these people appear to be fighting any attempts at foreclosure. They are squaring away everything else, and I'm sure have an evict plan in place. I mean, what's it going to do, being foreclosed, ruin their credit rating?
If the car needs fixed, if the credit cards can get paid off, then why not? They didn't say they were applying for bankruptcy, so that means they are paying all of their other obligations. If they lose the house, the bank has the property. Too bad if they can't sell it for what they want, they knew the risks they were taking when they lended money. At least they have the collateral.
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