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Originally posted by TonyClifton
My concern is that if nobody is going to get evicted, will people who are able to make their mortgage payments now stop? I would like to think the majority of people will do the right thing....but if this gets more people to stop paying there mortgage because there is no repercussions, could that make the current situation worse?
Originally posted by TonyClifton
My concern is that if nobody is going to get evicted, will people who are able to make their mortgage payments now stop?
Originally posted by amatrine
I was thinking the same thing. I think most people with a prime mortgage do not want to loose their home, but there are increasing amounts of us who have job lay offs and can not afford the payments. I think the banks needs to come up with a way in a crisis like this to forgive for some months needed and add those payments to the end of the loan in the case of prime mortgage.
This decision, which is still good law, has the effect of declaring all private mortgages on real and personal property, and all U.S. and State bonds held by the Federal Reserve, National and State Banks to void.
According to legal scholars and Bill Drexler, who worked on the case with Judge Mahoney, "This amounts to an emancipation of this nation from personal, national and State debt purportedly owed to this banking system. Every True American owes it to himself/herself, to his or her country, and to the people of the world for that matter, to study this decision very carefully and to understand it, for upon it hangs the question of freedom or slavery."