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Politics : Politics for Pros- moderated
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To: the_wheel who wrote (244376)4/3/2008 4:56:02 PM
From: KLP  Read Replies (1) of 793640
 
Gina just said it, and I concur. I don't feel one bit sorry for those people who bought houses, paying NO down payment, and therefore, bought a more expensive house than they could afford....Effectively, they were paying rent, and at that, less than they would have ordinarily have paid in rent.

If the mortgage company/bank was stupid enough to loan the money for that house, then the mortgage company/bank deserves to have it back on it's hands.

Problem is.....where are the mortgage papers the mortgage company or bank is supposed to have? Who did they sell it to? And who did THEY sell it to? And on down the line...Does anyone know?
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