Quote:
Originally Posted by CaptainCrunch
So they're just going to stop making mortgage payments.
Didn't they sign their mortgage papers after fully reading them and understanding them.
I hope they like living outside year round, if this is the case they are stupid people.
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Actually, the whole mortgage crisis ensued because the mortgage loans owned by lenders were sold to make MORE money. The people who signed the mortgage papers can stop paying because the loan has been satisfied when it was sold as an investment. Starts 27:30 in the Documentary "Inside Job".