Oh I forgot you are so special that you don’t need to pay your mortgage!
There is a new daily occurrence in my life… talking with people (and even friends) who have decided to just stop paying their
mortgage simply because the value of their house is not what it used to be. REALLY? Since when does this mean you’re responsibilities of being a homeowner can go right out the window??????
I could go on and on about this for the next few hours but it comes down to this. Besides for really fucking up your whole credit score and likely not being able to buy again anytime in the near, or far off future, you are eventually going to royally stick to it me and the other morally responsible people who pay their mortgages every month, on time, even though our homes are worth half of what it was purchased for.
America is going to be in for a rude awakening soon. I have learned a lot about loan modifications recently because of a new client and while the system is still flawed, the government is trying to make it so that you don’t let your home go into foreclosure. Not one person I’ve spoken to has even attempted to apply for a loan modification before saying “fuck it”. Instead their spouses are buying new homes, they are renting new places and pissing away money elsewhere INSTEAD of renting out their current home, sticking around and waiting this out before selling. But the more that people just up and walk away from their responsibilities, the worse it’s going to be for people like myself in the long run.
Get your head out of your ass and think about the long run, not the selfishness of right NOW.
