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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated
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To: Jim McMannis who wrote (4861)2/5/2011 9:51:15 PM
From: Webster Groves5 Recommendations  Read Replies (1) of 119362
 
A mortgage contract is just that - a contract.
If one party fails to uphold the terms of the contract,
the other may void the contract and seize collateral or other assets as stipulated in the contract.
There is no legal or moral authority requiring either party to do more.
Defaulters have a legal right to walk and thereby forfeit all claims. What do you want - a pound of flesh as well ?

wg
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