Quote:
Originally Posted by DrPhil
How common is it for people to stay in their homes without paying on them? It's a relative rarity.
That's clearly a problem and takes some HUGE cajones to even attempt. Wouldn't the police remove the people?
"Call the po-po, ho" ~ Madea
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I'm all turned around now because I thought that's what the article was referring to.
Quote:
Originally Posted by Drolefille
It's very much a "how dare they when I'm working my ass off" conversation and I just do not think that makes any sense.
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I know people don't live their lives the way I do. My problem is that these people are effectively squatting which affects the bank which in turn affects rates/eligibility for everyone else.
Anyway, with foreclosures continuing to be a veritable epidemic, why are banks being stupid? Wouldn't it be better to rent the home back to the former owners for a then-fair market rate with the understanding that the house could be sold out from under them at any point?
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