[quote=FlyerInHi]nj, you seem to imply that those who can afford to pay should suck it up and pay.

But the contract doesn’t care what the cause of non payment is. It could be sickness, loss of job.., the bank doesn’t care.

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You do realize that banks are different than social service agencies, right? And by the way, there is nothing to stop the borrower, during negotiations, from requesting that a clause be put in the mortgage contract that allows the borrower to walk away in the event of illness or loss of job. Borrowers never do it because they know that the bank won’t give them the money under such terms. Borrowers are big boys and girls and I think people should live up to their promises.