[quote=SD Realtor]I also do not believe this is victimless. I wish people would stop saying TARP money and start saying taxpayer money. It doesn’t matter to me where the taxpayer money goes, if it goes to the banks, if it goes to the freeloader, it is taxpayer money. It could be going to healthcare, it could be going somewhere else. It is a waste.
We do not have a society where everyone could live for free. It breaks down. [/quote]
THANK YOU!!! You would think this would not even have to be said.
Suppose Bill and everyone not paying their mortgage while they live in their homes for free had roles reversed and homeowners were required to indirectly pay for renters who did not pay their rent. I’ll go out on a limb and say the homeowners might have a little resentment.
[quote=SD Realtor]
If you hand over the keys and leave the bank is responsible for the home, for maintaining it and there are local ordinances that will fine them in some areas. [/quote]
Exactly right. Good example is when the developer walked on those houses in the high desert and the city started fining the banks for violations. Banks then become responsible. (the horror!)
[quote=SD Realtor]
Furthermore the property does indeed get treated differently once the property does revert to the banks. [/quote]
I agree there’s more pressure for the bank to act.
