Paramount I am sorry I misread the post. It was late when I posted last night and I obviously didn’t read correctly. However that changes nothing.
Guess what… I have a home I bought in 2003 as well and it has lost tremendous value.
Guess what? It is my fault for buying it isn’t it? The person I bought it from did not hold a gun to my head. The appraiser who appraised it did not, and neither did the mortgage broker I used.
The way I see it, there is a vast misunderstanding that many people have/had which is when they signed the loan docs, the responsibility they are incurring is
to market conditions. Furthermore you may indeed have been mislead just like many others. Still the case in point is that not EVERYBODY was. Some people said, no… no I will not do this because it does not feel right for me.
Yet those who held back are still being punished for the same wrongs that were committed against you.
Here is the point, you can kick and scream and play the victim but we all are paying the penalty here.
Aside from that, the analogy still holds about the card game, don’t play because even if the game is not stacked against you, you can still lose.
