un-american to allow people to lose their home?
2007-03-14 07:09:31 · 3 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
mark you dont have to be rude. i was just asking a question. i didnt say i thought people should live in their homes for free. like i said i was just asking a question. your reading way to much into what im asking.
2007-03-14 07:19:31 · update #1
It is exactly what the american model stands for. If there were no right for the lender to foreclose, no one would take a mortgage as collateral. Here is an example, I used to live in NJ and they decided that it was unfair to evict people who did not pay rent. They made it very difficult to get rid of tenants who did not pay. What did the apartment owners do? They made it much more difficult to rent an apartment, of course. How did that help the tenant who has marginal or no credit but pays his rent on time?
2007-03-14 08:09:53 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Why is that un-American? If I loaned you money for a home and you didnt pay me back, I'd want my home back no matter how patriotic I am. You buy, you pay, why should it be free?
Foreclosures are already at an all time high right now. So are you saying people should be able to live in their home for free, thereby screwing the person who was kind enough to make the loan?
Im glad you arent my friend.
M
2007-03-14 14:13:46 · answer #2 · answered by Mark P. 5 · 1⤊ 1⤋
hmmmmm such issues would never come up in Korea, Cuba or other third world countries. Maybe it would be un-american to not adopt their ways.
2007-03-14 14:16:29 · answer #3 · answered by newmexicorealestateforms 6 · 1⤊ 1⤋