Absolutely ridiculous. Homeowners can't pay, banks unwilling to budge.
Posted by: ZECH
Why should a judge decide to redo a loan on people that don't pay? The ones that do pay will be left paying that bill. Not right IMO.
Posted by: IronAddict
Shiite's all messed up man, we're all trapped in a bizzaro world.
Posted by: QuestionGuy
Originally Posted by IronAddict
Shiite's all messed up man, we're all trapped in a bizzaro world.
NO...It's just called America now, not bizzaro world.
Posted by: IronAddict
Originally Posted by QuestionGuy
NO...It's just called America now, not bizzaro world.
'tis true
Posted by: min0 lee
Originally Posted by dg806
Why should a judge decide to redo a loan on people that don't pay? The ones that do pay will be left paying that bill. Not right IMO.
Wasn't that part of the bailout deal though?
Posted by: Dale Mabry
Originally Posted by dg806
Why should a judge decide to redo a loan on people that don't pay? The ones that do pay will be left paying that bill. Not right IMO.
How will anyone else pay? The cost would be the same, it's just the term of the loan would be modified, if I am correct. So, instead of paying over 30 yrs they pay over 35 or whatever. I don't see how someone else would foot the bill anyway, they are getting bailout money regardless, this would just require them to participate in loan modification. If anything, not modifying them is just going to make problems worse, I guarantee. It's simple enough to file for bankruptcy, and in that instance, the banks are fucked 10x worse. This is coming from someone who thinks it is both the banks and the idiots who took out the loans fault. The only reason they don't want to modify these loans is because the gov't is giving handouts, so they don't need to.
Posted by: KelJu
Originally Posted by dg806
Why should a judge decide to redo a loan on people that don't pay? The ones that do pay will be left paying that bill. Not right IMO.
Its not a matter of them not paying, its a matter of restructuring their loan so they can pay. This isn't some fuck free handouts type shit we are talking about.
Originally Posted by IronAddict
