Quote:
Originally Posted by dn0121  I don't see what the problem is unless you lost your job. You were paying the monthly loan payment all along, why all of a sudden now do you have issues paying? |
Say you and your neighbor bought a house around the same time and each paid I dunno, say $400K each. Your neighbor gets into a bind, stops making payments, gets a bail out from any of the alphabet soup organizations and gets his principal lowered to $300K. You’re settled down, gonna be around for a while and not going to purchase another big ticket item anytime soon. What financial incentive do you have to
not take a bail out like your neighbor?