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Originally posted by alphabetaone
reply to post by Blaine91555
This is not ABOUT the mortgage holders. I cant understand why I have to say this so many times before someone decides to read.
It's about their TENANTS that this sheriff took exception to. Those tenants who didn't have a CLUE.
And the guy up there somewhere that said something to the effect of "well they should have known what they were getting into" What?! The tenants? They did... they knew they were getting into a situation that a landlord had property, and that they were renting from that landlord, then all of a sudden end up homeless at a moments notice because NO WARNING was given to tenants that the LANDLORD was in default.
Is this difficult or what?
Originally posted by drock905
Another example of whats wrong with america.
There is no sense of responsibilty. Get a morgatge you cant afford,
and there is no consequences?
Originally posted by irishgrl
Ive sent my email to Sheriff Dart, and as a Paralegal, I am going to research this decision further to see if it is still good law....if so.....we need to trumpet this from the rooftops.
Originally posted by Anonymous ATS
While I think this had nobility potential, I don't support it on a wide scale.
I am in Default Counseling with USBHM and if we forgave everyone that was at risk of forclosure, we'd have a whole lot of nothing but lazy people, people who spend their money stupidly and don't budget, people living off the government while the rest of us bust tail to make our ends meet and other just basically "unmotivated" people, I'll say, living in completely free housing...while you and I work hard to make an honest living.
Now trust me, I hear every story about "my payment got behind because...." and I've been at this for years and yeah, they all sound sad at first, but you can always tell who is for real and who is just BSing you because they overspent at the bar or splurged on designer handbags the week before their mortgage came due.
Forgiving foreclosure is not good. That's why banks offer short sales and deeds in lieu of forclosure. That way everyone is relatively pleased.
I heard mention of forgiving payments to the end of the loan earlier...I'll also say something on that. Here and USBHM, we'll strive to do anything BUT a modification on a loan (rolling past due payments into the principle and recalculating the loan) because you will be eaten alive in interest by the time the loan is all said and done.
We do offer options to defaulted mortgagers, but it seems few of them know about them, understand them, and even seem scared to call and ask about them. We try to help. I mean yeah, it may be all about money for the corporate people, but when I'm sitting in my cubie, making and taking phone calls...I go out of my way to make sure these people don't go into forclosure.