Mortgage mods vs contract law

[4plexowner]

The government has an obligation to protect contract law, not interfere with it

We have several hundred years of precedents set in the contract law arena – contract law is one of the pillars of personal property ownership (ie, your right to possess and keep something) [Mortgage Law originated in the English feudal system as early as the 12th century]

“No matter how noble the intent, it is not in the interest of the United States now, or in the future, to tell its citizens and the world at large that U.S. contract rights may be bent with the political winds.”

http://www.businessweek.com/bwdaily/dnflash/content/dec2008/db2008121_173068.htm

IMO, having politicians force the modification of legal contracts undermines personal property rights and the entire legal system – essentially telling the world that America is a banana republic that modifies the laws to suit its own purposes

Thoughts?

[TheBreeze]

Yeah but when the government buys the contract, they can do whatever they want with it. The Bush administration is currently in the process of buying $500 billion worth of mortgage-related feces.

I doubt that the government will force any mortgage holders to modify the terms. Instead, they will just buy the mortgages and then modify.

[TheBreeze]

Yeah but when the government buys the contract, they can do whatever they want with it. The Bush administration is currently in the process of buying $500 billion worth of mortgage-related feces.

I doubt that the government will force any mortgage holders to modify the terms. Instead, they will just buy the mortgages and then modify.

[TheBreeze]

Yeah but when the government buys the contract, they can do whatever they want with it. The Bush administration is currently in the process of buying $500 billion worth of mortgage-related feces.

I doubt that the government will force any mortgage holders to modify the terms. Instead, they will just buy the mortgages and then modify.

[TheBreeze]

Yeah but when the government buys the contract, they can do whatever they want with it. The Bush administration is currently in the process of buying $500 billion worth of mortgage-related feces.

I doubt that the government will force any mortgage holders to modify the terms. Instead, they will just buy the mortgages and then modify.

[TheBreeze]

Yeah but when the government buys the contract, they can do whatever they want with it. The Bush administration is currently in the process of buying $500 billion worth of mortgage-related feces.

I doubt that the government will force any mortgage holders to modify the terms. Instead, they will just buy the mortgages and then modify.

[HLS]

In America, a deal isn’t a deal anymore….except in the case when it benefits politicians,,, and eminent domain, based on politicians decisions.

It’s privatized profits and socialized losses.

When you benefit, it’s a deal.
If you don’t benefit, you want a better deal than you agreed to; you want to point fingers, get an attorney and sue. It’s very sick.

There’s little responsibility left.
These are signs of what happens when an empire collapses…..it’s crumbling before our eyes.

The thieves that caused the problem are laughing while the masses are crying.

Mods don’t solve the probelm, they delay the problem. Just allows the occupant to stay a little longer, and not have to face reality.

Mods are usually not in the borrower’s best interest, but emotionally attached homeslaves don’t realize this.

Too many people don’t want to lose “their house”
…A house that they don’t own, and owe 25% to 100% more than it is worth…

Foreclosures are NOT the problem, foreclosures ARE the solution.

[HLS]

In America, a deal isn’t a deal anymore….except in the case when it benefits politicians,,, and eminent domain, based on politicians decisions.

It’s privatized profits and socialized losses.

When you benefit, it’s a deal.
If you don’t benefit, you want a better deal than you agreed to; you want to point fingers, get an attorney and sue. It’s very sick.

There’s little responsibility left.
These are signs of what happens when an empire collapses…..it’s crumbling before our eyes.

The thieves that caused the problem are laughing while the masses are crying.

Mods don’t solve the probelm, they delay the problem. Just allows the occupant to stay a little longer, and not have to face reality.

Mods are usually not in the borrower’s best interest, but emotionally attached homeslaves don’t realize this.

Too many people don’t want to lose “their house”
…A house that they don’t own, and owe 25% to 100% more than it is worth…

Foreclosures are NOT the problem, foreclosures ARE the solution.

[HLS]

In America, a deal isn’t a deal anymore….except in the case when it benefits politicians,,, and eminent domain, based on politicians decisions.

It’s privatized profits and socialized losses.

When you benefit, it’s a deal.
If you don’t benefit, you want a better deal than you agreed to; you want to point fingers, get an attorney and sue. It’s very sick.

There’s little responsibility left.
These are signs of what happens when an empire collapses…..it’s crumbling before our eyes.

The thieves that caused the problem are laughing while the masses are crying.

Mods don’t solve the probelm, they delay the problem. Just allows the occupant to stay a little longer, and not have to face reality.

Mods are usually not in the borrower’s best interest, but emotionally attached homeslaves don’t realize this.

Too many people don’t want to lose “their house”
…A house that they don’t own, and owe 25% to 100% more than it is worth…

Foreclosures are NOT the problem, foreclosures ARE the solution.

[HLS]

In America, a deal isn’t a deal anymore….except in the case when it benefits politicians,,, and eminent domain, based on politicians decisions.

It’s privatized profits and socialized losses.

When you benefit, it’s a deal.
If you don’t benefit, you want a better deal than you agreed to; you want to point fingers, get an attorney and sue. It’s very sick.

There’s little responsibility left.
These are signs of what happens when an empire collapses…..it’s crumbling before our eyes.

The thieves that caused the problem are laughing while the masses are crying.

Mods don’t solve the probelm, they delay the problem. Just allows the occupant to stay a little longer, and not have to face reality.

Mods are usually not in the borrower’s best interest, but emotionally attached homeslaves don’t realize this.

Too many people don’t want to lose “their house”
…A house that they don’t own, and owe 25% to 100% more than it is worth…

Foreclosures are NOT the problem, foreclosures ARE the solution.

[HLS]

In America, a deal isn’t a deal anymore….except in the case when it benefits politicians,,, and eminent domain, based on politicians decisions.

It’s privatized profits and socialized losses.

When you benefit, it’s a deal.
If you don’t benefit, you want a better deal than you agreed to; you want to point fingers, get an attorney and sue. It’s very sick.

There’s little responsibility left.
These are signs of what happens when an empire collapses…..it’s crumbling before our eyes.

The thieves that caused the problem are laughing while the masses are crying.

Mods don’t solve the probelm, they delay the problem. Just allows the occupant to stay a little longer, and not have to face reality.

Mods are usually not in the borrower’s best interest, but emotionally attached homeslaves don’t realize this.

Too many people don’t want to lose “their house”
…A house that they don’t own, and owe 25% to 100% more than it is worth…

Foreclosures are NOT the problem, foreclosures ARE the solution.

[4plexowner]

http://energybulletin.net/node/47157

“The Five Stages of Collapse”

[4plexowner]

http://energybulletin.net/node/47157

“The Five Stages of Collapse”

[4plexowner]

http://energybulletin.net/node/47157

“The Five Stages of Collapse”

[4plexowner]

http://energybulletin.net/node/47157

“The Five Stages of Collapse”

[Author]

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