21-02-2010, 03:39 AM
Quote:"When I see that I owe $160,000 on almost a $350,000 home..."Hell...doesn't that mean he has about $190,000 in equity?
That's a hell of a lot more than I have in mine...and I am still making the payments. He signed the loan documents. And if he is smart enough to read the bulldozer instructions, he is smart enough to read what he signed when he took on the loan.
Sorry, but I saw nothing in this story to tug at my heart strings. He has IRS liens on his business property and a home worth between a quarter and a half million dollars. The bank took a risk that he signed on to.
I wouldn't be in the house I am in if it weren't for a bank that took the same kind of risk on me. They make a profit on that risk and I am benefiting from the transaction.
If I lose my job tomorrow and can't fulfill my part of the bargain that I signed off on, is it OK to destroy what the bank gets in exchange?
Just askin'...
"If you're looking for something that isn't there, you're wasting your time and the taxpayers' money."
-Michael Neuman, U.S. Government bureaucrat, on why NIST didn't address explosives in its report on the WTC collapses
-Michael Neuman, U.S. Government bureaucrat, on why NIST didn't address explosives in its report on the WTC collapses