Depressedallready

WaMu Borrower Purposely Defaults, Gets Foreclosed On, Sues

There is so much fraud today in the banking/lending/mortga... institutions that it would be VERY wise to "hire a lawyer" to read the "fine printed contract" to cover your A*** against "unscrupulous" money/credit lenders! IF in court these people proved that they went to WaMu to reconsider their loan to make it affordable, I would say that they have a "legal right." The fact that THEY contacted WaMU "in good faith" to keep making payments but that they could, for the moment, not be able to pay the going rate demonstrates to the Courts that it was WaMu who violated the rights by not opting for lower payments! "Good Faith" and willingness to keep making payment is ALL that is needed in a court to prove the point for the consumers. I feel that WaMu and other credit organizations have gone too far and as the credit market tightens even more, there will be this vicious circle of "defaults" and "foreclosures" UNTIL there will be the action upon the Justice System and Political laws and regulations to protect even the creditors against "unscrupulous and unfair credit practices" by the major credit lending institutions. The key word for litigation/rights is "Good Faith."