Replies

How is this any different than theft? You borrowed money, you signed a contract to pay it back. If you don’t that is, at best, breach of contract, at worst it is outright theft.

you signed a contract to pay it back. If you don’t that is, at best, breach of contract

No it isn't. The contract has a penalty clause saying if you don't pay the mortgage the bank repossesses the property, so it is already covered by the contract. There is no breach, you just invoke altarnative clauses.

Aww, how infuriating IS this!? Like the REST of us don’t have enough bills taxes to pay?! Lady, you’re IMMEDIATELY “upside down” on a new car loan the moment it’s driven off the dealer lot. Home values – same thing – they fluctuate over time. PAY YOUR BILLS LADY - they’re *YOURS* not ours! We (my husband & I) have worked very hard to be self-responsible. It sucks – but it’s the RIGHT thing to do. You can’t treat your neighbors (read: taxpayers!) like your “slaves” -taking THEIR money, when things get a little tight for YOU. They have their own problems, you have yours. You do what you have to do – you move to a trailer park, back to an apartment, in with relatives -- whatever it takes. Geez, what’s happening to this country!?! We have this tiny, 1-bathroom sh*tty little house in Los Angeles …….. it is our first house, and our only house. It’s not our first choice. It stinks. It’s really SMALL. We could have bought a bigger one. BUT WE DID NOT -- so that we could successfully handle COMPLETELY PREDICTABLE shocks and disturbances to financial markets and our net wealth – such as this period we have now – without going to the “public” (taxpayers) for a handout!!!! If the public schools would stop teaching kids how to put a banana on condom and start teaching them about excessive debt, finances, and how to manage scarce money responsibly - we wouldn’t have so many costly dumb bunnies like this greedy selfish self-pitying childish moron destroying the govt’s finances and what little’s left of the private sector’s (MY) wealth!!! “Thanks,” lady. This is just great. Now, I’m never gonna retire. The govt takes so much money it’s almost impossible to save anything. I’ll be working until I’m 139! Sorry for the rant. This stuff is just getting completely maddening....