VicM

WaMu Borrower Purposely Defaults, Gets Foreclosed On, Sues

Upside down.....I don't blame you. The problem seems to be the Gov't basically gave the banking system so much cheap money they had to find ways to give it away so they gave $500,000 loans to people who had no down and no way to make payments. Also causing the housing bubble because instantly everyone became eligiable as a buyer instead of limiting buyers to those who had saved enough for a down payment.

WaMu Borrower Purposely Defaults, Gets Foreclosed On, Sues

If all these borrowers got their loans with nothing down.....Why do they need saving from foreclosure? With nothing down all they have been doing is, effectively, paying rent. They lose nothing because they put nothing down.

WaMu Borrower Purposely Defaults, Gets Foreclosed On, Sues

Let me understand.....All the delinquent borrowers get low interest so they can keep their home and the honest, mortgage payers will just have to pound salt with their high interest loans.

Just another form of American justice...Reward the delinquent borrowers .......and screw the honest paying, upside down borrowers.