Freeloaders
A friend sent me this site this morning: youwalkaway dot com. They advocate walking away from your mortgage obligations:
If you QUALIFY
Your lender WILL NOT be able to call you in attempt to collect!
Your lender WILL NOT be able to collect any deficiency or loss they may receive by you walking away!
You WILL be able to stay in your home for up to 8 months or more without having to pay anything to your lender!
You CAN have the foreclosure REMOVED from your credit!
That site is clear evidence that many people have no idea what promises and obligations are, and even worse, that many people think they can get something for free. A mortgage is a contract, a promise. If a person breaks a promise, you can’t trust anything they say. When someone walks away from a mortgage, someone else is paying for it. Not the bank. Not “the man”. Your neighbors. And don’t ever forget: there ain’t no such thing as a free lunch.