Quote:
Originally Posted by Rick Lee
Do you bother to think about this stuff before you post it? Plenty of homeowners, who are either "over-extended" (by whose definition?) or upside down on their mortgage, are still making their payments on time. Why should they lose their houses? Who would repossess them, on what grounds and how would that benefit a single person or business financially? Are you kidding me? Tell me you'd like to see houses in your neighborhood foreclosed. That would drop your value like a rock, could make you over-extended and then you'd be one of those idiots you so decry.
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Jesus, Rick, I hope I don't have to explain that over-extended means in default in the context of Jeff's and my post. I'm sorry for being imprecise in my language.
yes, people who are making their payments, they get to keep their homes. Other people who aren't making their payments, not so much.
