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Time for the Government to Start Playing Fair
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 718031" data-attributes="member: 12570"><p>1989, I would have to think that interest only loans and variable interest loans caused more harm than not putting down enough money.</p><p> </p><p>I watched the Today show this morning and they were talking about strategic foreclosures. This is when the home has lost so much value and the homeowner is so upside down on his note that it makes more sense to stop paying the note and to simply walk away. What is your opinion on strategic foreclosures?</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 718031, member: 12570"] 1989, I would have to think that interest only loans and variable interest loans caused more harm than not putting down enough money. I watched the Today show this morning and they were talking about strategic foreclosures. This is when the home has lost so much value and the homeowner is so upside down on his note that it makes more sense to stop paying the note and to simply walk away. What is your opinion on strategic foreclosures? [/QUOTE]
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