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View Diary: Hedging their bets -- about exactly WHO owns your Mortgage? (27 comments)

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  •  if you do that (3+ / 0-)
    Recommended by:
    burrow owl, jamess, Lujane

    you're contributing significantly to the collapse of the system.

    You made a deal. You borrowed $250 grand and undertook a contractual obligation to pay it back according to the terms of your loan. Those terms didn't include (I presume) an escape clause if the market value of your home fell.

    I know I'm old fashioned, but I still believe when you promise to do something you should keep to that promise whenever you can.

    Of course it's something different entirely if you no longer have the money to make those payments. If you can't pay, you can't pay.

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