[quote=bubba99]It pains me when people try to make a moral issue of mortgage payments. It is not. It is a contract, and foreclosure is a remedy in the contract to either party. The banks use it to relieve themselves of bad property investments (Morgan Stanley in SF), why should individuals be held to a higher ethical standard.
Plus part of the bank bailout consisted of a program to “modify” mortgages. The banks took the money, but have consistently failed to modify a significant number of mortgages.
The only moral issue is to ones family, to make the best financial decission for them, not just the bank.[/quote]
Fine comment. The whole thing bears repeating in case anyone missed it the first time through.
