Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Les H who wrote (191174)	9/10/2002 11:39:23 AM
From: yard_man	Read Replies (2) of 436258

our problem in a microcosm ... >>The solution devised by her lender and a counselor at Housing Opportunities Made Equal, a community group here, is typical of the recent changes. Ms. Lane is about to resume her regular payment, and her lender, Countrywide Mortgage, will add the missed payments — with interest, they come to about $3,000 — to the end of her mortgage.<< Why ever pay off anything -- just push the term out indefinitely -- banks never have to recognize any bad debts -- we can all get the things we so richly deserve right now, instead of saving money -- income stream for the banks is smoothed into the future. Works for me <g> Better yet -- why not just assign the loan to her children and let the interest accrue until they get out of college -- they can start paying then ...

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