Why are bums and idiots keeping their homes a good thing? And kudos to the governor of my state of birth (NJ) for VETOING anti-foreclosure legislation today. I generally hate the fat prick, but he did the right thing this time round.
The stupid should be punished. No dual-tracking means no threat to force deadbeats into a short-sale or modification, so they can just keep being deadbeats without consequence. And if banks can’t enforce the terms of their loans, how can they GIVE loans in future?