strategic short sales: Chase Chimes In About Morals
- 07/07/10 12:34 PM
Chase chimes in about what is moral. Lenn, you are going to have a field day with this one! Frank Rubino Vice President of Chase Homeownership Center in Orland said that Chase is participating in the HAFA program but that the program is "not meant for homeowners who can afford their mortgage but want to walk away from an upside- down loan." (reported in the Orlando Sentinel) The holier than thou Vice President goes on to say: "It's not right. It's not moral. It's not the right thing to do. Why would customers look to the bank to substantiate a
(22 comments)
|
strategic short sales: Strategic Defaults and Strategic Short Sales- Do The Moral Police Get To Decide?
- 07/05/10 03:00 PM
There are many posts being stirred up as emotions arise from this debate over a moral duty to pay your mortgage payments to your lender. Lydia Puller wrote a post here that sparked some heated comments to which Michael Lissack then responded. Lenn's tattoo post brings it home to point out how utterly ridiculous it is to pass moral judgment and force people to pay their house payments. It never seems to fail that short sale posts and strategic default posts bring out the moral police. I have noticed that many of the same people who scream that if you have the money to pay
(91 comments)
|
strategic short sales: Strategic Defaults- Homeowners! Choose Strategic Short Sale Instead Of Walking Away!
- 05/10/10 01:47 PM
There is so much internet chatter going on about strategic defaults since 60 minutes aired and had a segment on homeowners just walking away from their homes. Is it tempting for you to just leave the keys on the table and get out from underwater? Does the option of renting for the next 4 to 5 years look pretty appealing to you right now? Have you discussed your situation open and honestly with your real estate attorney who really understands the mortgage default law in your state? Have you discussed the ramifications of your decision to walk away with your
(53 comments)
|
|
|
|