So the lenders and banks are required to sit and do nothing while the poor victimized home owner skips payments… Thats gonna last. I don’t see how this can be legal or right? Banks have the right to foreclose on the homes when borrowers can’t repay, no matter how ridiculous the loan terms may have been. That is stated in the contract. If they are going into foreclosure, they have probably already waited 90 days anyways.
Let me guess.. the next answer to the problem… have the tax payers make the payments while the homeowner isn’t, until the poor guy gets back on his feet. Booo Hooo 🙁
