show me where in a buyers loan contract it says *all-bets-are-off* if the property drops in value?
Am I living in some kinda bizarro-world here? Does signing your name and giving your word not mean ANYTHING anymore?
Let’s try and forget for a moment that all parties involved (with buying) were naive and/or greedy. The buyer, the realtor and the bank, but that’s not the point.
The point is………….oh crap, I forgot my point, but it probably had something to do with sucking it up and staying within the boundaries of the “spirit of the contract”.
Remember the context of the original post here. The loan holder CAN afford the payment.
