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The banking industry is what started us on this road of sorrows
Originally posted by The_Seeker
Originally posted by mooseinhisglory
Kick you out and make you pay for it?
Doesn't make sense. That is meeeessed up. Chalk that up as another crappy authoritarian law for AZ. I hate that place.
Well I am sorry, but that is the way it should be. If you cant afford to buy the house in the first place, EVEN IF THE BANKS GAVE YOU THE MONEY, then be it on your head.
You dont buy something you cant afford then walk away from the payments. That really stuffs with the rest of those people that CAN afford to buy a house.
They up all the interest rates, and those that walked away from those houses, get off scott free... NO WAY ... You brought the house, you finish paying for it (well the difference anyways).
Originally posted by ravenshadow13
That's so wrong. If you get foreclosed, it's because you don't have enough money to may your mortgage or for other financial reasons like that. It's not like you have all this extra money to give to the bank.
Originally posted by Make Speed Limit 45
When will the idiot american realize that owing a home is an enormous gamble?. The morons have been told all their lives home-ownership is the american way and they blindly accepted that and now they're gettting screwed every way but right side up.
NEVER BUY ANYTHING ON CREDIT. Problem solved.
The amendment was tacked as a striker to an entirely unrelated bill dealing with the criminal justice system.