Paying Your Mortgage? Why would you?

In the past 2 days I have read 2 of the most unbelievable posts.  One talks about lowering the principle for homeowners in distress and another proposal to give homeowners $21,000 to move from their foreclosed homes.

Enough already – most of the people in foreclosure are living in homes that owe them nothing. So what if the value went down – they purchased with no money down, some lied about their income and others re-fianced so many times to pay for their toys the value is not there anymore.

Get real people, when you signed your mortgage documents they say pay or they will foreclosure. Now people are living in their homes for years not paying a dime and they are whining. $21,000 to move, get a grip. Also lowering the principle – come on.

How about rewriting the loans IF they qualify to a 50 year term and if they are foreclosed on get the heck out, you have been living for free.

Some people have real problems and those issues should be addressed, but most do not.

Thanks for letting me rant!!!

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