This is not always cut and dry. My neighbor had to walk away from his house because: #1 They over valued the house to start with by about 30,000 bones ( The house was never worth that they scamed him). #2 when the interest rates had gone down to below 4 % they jacked his up to 25% (he could not afford the new inflated payment). Its hard for me to place any blame on him. This is outrageous, and should have been illegal.
Don't get me wrong I believe a person should pay his debts. I also believe some buisness ethics should be practiced.
Last edited by locopony; 02/16/2011 3:28 PM.
