Youwalkaway.com based in San Diego

[kelly]

I’m a reporter for voiceofsandiego.org and would love to talk to someone who’s talked with this company or who’s considering walking away.

Please e-mail me at kelly.bennett(at)voiceofsandiego.org if that’s you.

kb

[kelly]

I’m a reporter for voiceofsandiego.org and would love to talk to someone who’s talked with this company or who’s considering walking away.

Please e-mail me at kelly.bennett(at)voiceofsandiego.org if that’s you.

kb

[kelly]

Still looking for people who are trying to decide whether to walk away from their mortgages.

In the meantime, I heard from one of our readers with a compelling story that I thought you’d be interested in. Click on this link to go there.

Here’s a taste:

It’s troubling to me that people have so little shame — and so little sense of obligation toward their neighbors and their commitments — that they would just throw up their hands and not make their best efforts to do what they said they would.

If you have ideas or people I should talk to, please send me an e-mail — kelly.bennett(at)voiceofsandiego.org

Thanks, Piggs –
kb

[kelly]

Still looking for people who are trying to decide whether to walk away from their mortgages.

In the meantime, I heard from one of our readers with a compelling story that I thought you’d be interested in. Click on this link to go there.

Here’s a taste:

It’s troubling to me that people have so little shame — and so little sense of obligation toward their neighbors and their commitments — that they would just throw up their hands and not make their best efforts to do what they said they would.

If you have ideas or people I should talk to, please send me an e-mail — kelly.bennett(at)voiceofsandiego.org

Thanks, Piggs –
kb

[kelly]

Still looking for people who are trying to decide whether to walk away from their mortgages.

In the meantime, I heard from one of our readers with a compelling story that I thought you’d be interested in. Click on this link to go there.

Here’s a taste:

It’s troubling to me that people have so little shame — and so little sense of obligation toward their neighbors and their commitments — that they would just throw up their hands and not make their best efforts to do what they said they would.

If you have ideas or people I should talk to, please send me an e-mail — kelly.bennett(at)voiceofsandiego.org

Thanks, Piggs –
kb

[kelly]

Still looking for people who are trying to decide whether to walk away from their mortgages.

In the meantime, I heard from one of our readers with a compelling story that I thought you’d be interested in. Click on this link to go there.

Here’s a taste:

It’s troubling to me that people have so little shame — and so little sense of obligation toward their neighbors and their commitments — that they would just throw up their hands and not make their best efforts to do what they said they would.

If you have ideas or people I should talk to, please send me an e-mail — kelly.bennett(at)voiceofsandiego.org

Thanks, Piggs –
kb

[kelly]

Still looking for people who are trying to decide whether to walk away from their mortgages.

In the meantime, I heard from one of our readers with a compelling story that I thought you’d be interested in. Click on this link to go there.

Here’s a taste:

It’s troubling to me that people have so little shame — and so little sense of obligation toward their neighbors and their commitments — that they would just throw up their hands and not make their best efforts to do what they said they would.

If you have ideas or people I should talk to, please send me an e-mail — kelly.bennett(at)voiceofsandiego.org

Thanks, Piggs –
kb

[kev374]

The lenders RICHLY deserve the losses. I hope the guys on Wall St. lose everything. They took ridiculous risks due to their immense greed and I have no sympathy for them.

HOWEVER, my concern is that there WILL be a taxpayer funded bailout for Wall St. in the guise of protecting the poor foreclosure “victims”.

Wall St. will get bailed out by taxpayers. The reckless homeowners who bought homes they couldn’t afford will get a super low interest rate lock, some other subsidy or at the very least have had the opportunity to live in a home they couldn’t afford, rent free for a few months and also had the good fortune of living lavishly on home equity lines for a few years.

The real victims are the people who were responsible, worked hard for their money, paid their taxes and did not exhibit this reckless behavior. The bailout is going to be on the backs of such people!

[kev374]

The lenders RICHLY deserve the losses. I hope the guys on Wall St. lose everything. They took ridiculous risks due to their immense greed and I have no sympathy for them.

HOWEVER, my concern is that there WILL be a taxpayer funded bailout for Wall St. in the guise of protecting the poor foreclosure “victims”.

Wall St. will get bailed out by taxpayers. The reckless homeowners who bought homes they couldn’t afford will get a super low interest rate lock, some other subsidy or at the very least have had the opportunity to live in a home they couldn’t afford, rent free for a few months and also had the good fortune of living lavishly on home equity lines for a few years.

The real victims are the people who were responsible, worked hard for their money, paid their taxes and did not exhibit this reckless behavior. The bailout is going to be on the backs of such people!

[kev374]

The lenders RICHLY deserve the losses. I hope the guys on Wall St. lose everything. They took ridiculous risks due to their immense greed and I have no sympathy for them.

HOWEVER, my concern is that there WILL be a taxpayer funded bailout for Wall St. in the guise of protecting the poor foreclosure “victims”.

Wall St. will get bailed out by taxpayers. The reckless homeowners who bought homes they couldn’t afford will get a super low interest rate lock, some other subsidy or at the very least have had the opportunity to live in a home they couldn’t afford, rent free for a few months and also had the good fortune of living lavishly on home equity lines for a few years.

The real victims are the people who were responsible, worked hard for their money, paid their taxes and did not exhibit this reckless behavior. The bailout is going to be on the backs of such people!

[kev374]

The lenders RICHLY deserve the losses. I hope the guys on Wall St. lose everything. They took ridiculous risks due to their immense greed and I have no sympathy for them.

HOWEVER, my concern is that there WILL be a taxpayer funded bailout for Wall St. in the guise of protecting the poor foreclosure “victims”.

Wall St. will get bailed out by taxpayers. The reckless homeowners who bought homes they couldn’t afford will get a super low interest rate lock, some other subsidy or at the very least have had the opportunity to live in a home they couldn’t afford, rent free for a few months and also had the good fortune of living lavishly on home equity lines for a few years.

The real victims are the people who were responsible, worked hard for their money, paid their taxes and did not exhibit this reckless behavior. The bailout is going to be on the backs of such people!

[kev374]

The lenders RICHLY deserve the losses. I hope the guys on Wall St. lose everything. They took ridiculous risks due to their immense greed and I have no sympathy for them.

HOWEVER, my concern is that there WILL be a taxpayer funded bailout for Wall St. in the guise of protecting the poor foreclosure “victims”.

Wall St. will get bailed out by taxpayers. The reckless homeowners who bought homes they couldn’t afford will get a super low interest rate lock, some other subsidy or at the very least have had the opportunity to live in a home they couldn’t afford, rent free for a few months and also had the good fortune of living lavishly on home equity lines for a few years.

The real victims are the people who were responsible, worked hard for their money, paid their taxes and did not exhibit this reckless behavior. The bailout is going to be on the backs of such people!

[DaCounselor]

I would be more inclined to call it stupidity as opposed to honor, Kelly. Our astute “investor” (characterizing a property that is negative cash flow from the get-go an “income” property is our first sign of who we are dealing with) throws down the morality card we have debated here for months. My advice to this person, having already acknowledged that they have made a bad business decision, is to start thinking long and hard about whether their priorities should rest with some over-reaching sense of obligation to their neighborhood as opposed to their own family.

Yes indeed, there is great “honor” in sinking increasing amounts of money into a bad investment while neglecting your childrens’ educational funds. That makes tremendous sense. Perhaps the children don’t even really need higher education, thus increasing the likelihood that they will perpetuate their parents’ fine investment decisions. Fantastic idea. After all, we don’t want to cause any problems for next door neighbor Bob’s refi or ruffle any feathers in the neighborhood.

This person’s circumstances are affected by the fact that the distressed property is, ahem, “income” property, which has certain legal implications relating to…walkability. Speaking more in generalities, then, I suggest that anyone who can walk with nothing but a damaged credit report must consider doing so if the alternative is financial ruin. Anyone who steers their own bus, family aboard, over the cliff when there is a way out is arguably an idiot.

And what of those, you ask, who do not face financial ruin but instead would like to shave a few hundred grand off their mortgage balance? I can hear the morality drumbeats grow louder on this one, but I’m not inclined to cast stones regarding someone’s business decision pursuant to a contract that if at all typical has provisions on point. Now will there be a macroeconomic effect of decisions to walk? Yes. Will I be affected in some way? Probably. But it’s certainly naive to believe that we have not been affected by the decisions of our fellow man/consumer/borrower/insured/etc over the span of time. This is no different.

[DaCounselor]

I would be more inclined to call it stupidity as opposed to honor, Kelly. Our astute “investor” (characterizing a property that is negative cash flow from the get-go an “income” property is our first sign of who we are dealing with) throws down the morality card we have debated here for months. My advice to this person, having already acknowledged that they have made a bad business decision, is to start thinking long and hard about whether their priorities should rest with some over-reaching sense of obligation to their neighborhood as opposed to their own family.

Yes indeed, there is great “honor” in sinking increasing amounts of money into a bad investment while neglecting your childrens’ educational funds. That makes tremendous sense. Perhaps the children don’t even really need higher education, thus increasing the likelihood that they will perpetuate their parents’ fine investment decisions. Fantastic idea. After all, we don’t want to cause any problems for next door neighbor Bob’s refi or ruffle any feathers in the neighborhood.

This person’s circumstances are affected by the fact that the distressed property is, ahem, “income” property, which has certain legal implications relating to…walkability. Speaking more in generalities, then, I suggest that anyone who can walk with nothing but a damaged credit report must consider doing so if the alternative is financial ruin. Anyone who steers their own bus, family aboard, over the cliff when there is a way out is arguably an idiot.

And what of those, you ask, who do not face financial ruin but instead would like to shave a few hundred grand off their mortgage balance? I can hear the morality drumbeats grow louder on this one, but I’m not inclined to cast stones regarding someone’s business decision pursuant to a contract that if at all typical has provisions on point. Now will there be a macroeconomic effect of decisions to walk? Yes. Will I be affected in some way? Probably. But it’s certainly naive to believe that we have not been affected by the decisions of our fellow man/consumer/borrower/insured/etc over the span of time. This is no different.

[DaCounselor]

I would be more inclined to call it stupidity as opposed to honor, Kelly. Our astute “investor” (characterizing a property that is negative cash flow from the get-go an “income” property is our first sign of who we are dealing with) throws down the morality card we have debated here for months. My advice to this person, having already acknowledged that they have made a bad business decision, is to start thinking long and hard about whether their priorities should rest with some over-reaching sense of obligation to their neighborhood as opposed to their own family.

Yes indeed, there is great “honor” in sinking increasing amounts of money into a bad investment while neglecting your childrens’ educational funds. That makes tremendous sense. Perhaps the children don’t even really need higher education, thus increasing the likelihood that they will perpetuate their parents’ fine investment decisions. Fantastic idea. After all, we don’t want to cause any problems for next door neighbor Bob’s refi or ruffle any feathers in the neighborhood.

This person’s circumstances are affected by the fact that the distressed property is, ahem, “income” property, which has certain legal implications relating to…walkability. Speaking more in generalities, then, I suggest that anyone who can walk with nothing but a damaged credit report must consider doing so if the alternative is financial ruin. Anyone who steers their own bus, family aboard, over the cliff when there is a way out is arguably an idiot.

And what of those, you ask, who do not face financial ruin but instead would like to shave a few hundred grand off their mortgage balance? I can hear the morality drumbeats grow louder on this one, but I’m not inclined to cast stones regarding someone’s business decision pursuant to a contract that if at all typical has provisions on point. Now will there be a macroeconomic effect of decisions to walk? Yes. Will I be affected in some way? Probably. But it’s certainly naive to believe that we have not been affected by the decisions of our fellow man/consumer/borrower/insured/etc over the span of time. This is no different.

[Author]

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