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Old 07-22-2008, 09:43 PM
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Medmech Medmech is offline
Gone Waterboarding
 
Join Date: Feb 2007
Posts: 117
Quote:
Originally Posted by Dee8go View Post
There's a lot that was left out of that story. It was obviously written to make people feel outraged at mortgage companies. I have a feeling they were living way above their means on those credit cards. There are plenty of other better solutions to their problem that walikng away from that mortgage.

They'll live to regret it. Oh the other hand, maybe now they'll learn to live within their means, since it will be a lot harder to borrow money now.
They can't cry predatory lending, stated income, no doc, the loan they have is an FHA.........guess who's paying the insurance on that.
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