why should we continue to pay our mortgage loans?
Since Speaker Pelosi wants to freeze all foreclosures, and the trail lawyers are sure to bring Class Action suits against any lender you can name, why should we bother to pay our mortgages when thousands of people will be living in their homes without paying a cent? (Sorry for the long sentences.)
I know the argument about ruining one’s credit rating, but as Google advocated, just change your name and get another SSN if you rely on credit. I don’t. I pay cash for everying – except my home.
Why don’t we quit paying our mortgages on time, and like many other savvy owners, make an offer to the Bank for a much lesser amount when we are in foreclosure?
I realize none of this is honest – but it seems like this country is corrupt, and hardworking people are asked to bail out the crooks. Why should we be drained of our income? Shouldn’t we protect what little
income the government allows us to keep?