Underwater Homeowners Thread

[TheBreeze]

[quote=North County Jim]
You’re describing water that went under the bridge years ago.

Yes, I wouldn’t quibble with calling loans during the insanity of years past “two jokers playing with other people’s money”.

All that being said, if you were one of those “jokers” today, what would you do? I don’t know about you but I would try to think ahead rather than cast blame at what happened in the past.

If I felt the climate was right to modify my loan, I would be all over it in a nanosecond. I would gladly take the credit score hit for a chance to significantly improve my balance sheet.

That is a business decision.[/quote]

You’re missing the point. A business decision involves two willing parties who are each risking their own money. What we have here is one party, the FB, who took out a low-cost loan at the expense of an unwilling party, taxpayers through an unscrupulous intermediary, crooked banksters. Now you have the FB going back to the unscrupulous intermediary who is again going to steal from the unwilling party (taxpayers).

This is not a business transaction. It is socialism. If you can’t see that you are blind.

[North County Jim]

OK Breeze, I’m blind. All underwater borrowers should go down with the ship.

Would that make you happy?

[North County Jim]

OK Breeze, I’m blind. All underwater borrowers should go down with the ship.

Would that make you happy?

[North County Jim]

OK Breeze, I’m blind. All underwater borrowers should go down with the ship.

Would that make you happy?

[North County Jim]

OK Breeze, I’m blind. All underwater borrowers should go down with the ship.

Would that make you happy?

[North County Jim]

OK Breeze, I’m blind. All underwater borrowers should go down with the ship.

Would that make you happy?

[zzz]

North County Jim, you have some really fuzzy logic there. just because people don’t support saving everyone doesn’t mean they root for the failure of others. i can’t speak for Breeze, but i take NO joy in watching anyone suffer, whether it is their fault or brought on by others. i also take NO joy in my tax dollars being spent to “bail” others out for their “choices”. they chose, they may have chosen very unwisely, they may have been uninformed and ignorant, too busy to read the loan docs, insert excuse, but that does not mean i have to like or support paying for their mistakes.

[zzz]

North County Jim, you have some really fuzzy logic there. just because people don’t support saving everyone doesn’t mean they root for the failure of others. i can’t speak for Breeze, but i take NO joy in watching anyone suffer, whether it is their fault or brought on by others. i also take NO joy in my tax dollars being spent to “bail” others out for their “choices”. they chose, they may have chosen very unwisely, they may have been uninformed and ignorant, too busy to read the loan docs, insert excuse, but that does not mean i have to like or support paying for their mistakes.

[zzz]

North County Jim, you have some really fuzzy logic there. just because people don’t support saving everyone doesn’t mean they root for the failure of others. i can’t speak for Breeze, but i take NO joy in watching anyone suffer, whether it is their fault or brought on by others. i also take NO joy in my tax dollars being spent to “bail” others out for their “choices”. they chose, they may have chosen very unwisely, they may have been uninformed and ignorant, too busy to read the loan docs, insert excuse, but that does not mean i have to like or support paying for their mistakes.

[zzz]

North County Jim, you have some really fuzzy logic there. just because people don’t support saving everyone doesn’t mean they root for the failure of others. i can’t speak for Breeze, but i take NO joy in watching anyone suffer, whether it is their fault or brought on by others. i also take NO joy in my tax dollars being spent to “bail” others out for their “choices”. they chose, they may have chosen very unwisely, they may have been uninformed and ignorant, too busy to read the loan docs, insert excuse, but that does not mean i have to like or support paying for their mistakes.

[zzz]

North County Jim, you have some really fuzzy logic there. just because people don’t support saving everyone doesn’t mean they root for the failure of others. i can’t speak for Breeze, but i take NO joy in watching anyone suffer, whether it is their fault or brought on by others. i also take NO joy in my tax dollars being spent to “bail” others out for their “choices”. they chose, they may have chosen very unwisely, they may have been uninformed and ignorant, too busy to read the loan docs, insert excuse, but that does not mean i have to like or support paying for their mistakes.

[North County Jim]

zzz, I think you’re missing my point. I’ve attempted to make the case that an underwater borrower who attempts a loan modification is not a moral cretin.

I’m not asking anyone to “save” anyone else. I’ve simply tried to make the case that I see nothing wrong with taking matters into one’s own hand to improve one’s financial situation.

Breeze and others seem to think that anyone who made an unwise decision during the bubble years should just live with it.

I’ll ask the question again. If you were under water, had the ability to make payments and knew there were loan modification programs available, would you take advantage?

[North County Jim]

zzz, I think you’re missing my point. I’ve attempted to make the case that an underwater borrower who attempts a loan modification is not a moral cretin.

I’m not asking anyone to “save” anyone else. I’ve simply tried to make the case that I see nothing wrong with taking matters into one’s own hand to improve one’s financial situation.

Breeze and others seem to think that anyone who made an unwise decision during the bubble years should just live with it.

I’ll ask the question again. If you were under water, had the ability to make payments and knew there were loan modification programs available, would you take advantage?

[North County Jim]

zzz, I think you’re missing my point. I’ve attempted to make the case that an underwater borrower who attempts a loan modification is not a moral cretin.

I’m not asking anyone to “save” anyone else. I’ve simply tried to make the case that I see nothing wrong with taking matters into one’s own hand to improve one’s financial situation.

Breeze and others seem to think that anyone who made an unwise decision during the bubble years should just live with it.

I’ll ask the question again. If you were under water, had the ability to make payments and knew there were loan modification programs available, would you take advantage?

[North County Jim]

zzz, I think you’re missing my point. I’ve attempted to make the case that an underwater borrower who attempts a loan modification is not a moral cretin.

I’m not asking anyone to “save” anyone else. I’ve simply tried to make the case that I see nothing wrong with taking matters into one’s own hand to improve one’s financial situation.

Breeze and others seem to think that anyone who made an unwise decision during the bubble years should just live with it.

I’ll ask the question again. If you were under water, had the ability to make payments and knew there were loan modification programs available, would you take advantage?

[Author]

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