FP

Second Mortgages: Why Absolve Consumers for Stupidity?

Stupidity from the borrowers who took the money they could not pay. More stupidity from the lender who gave their money without checking borrowers could pay back, they were relaxed to otherwise take away the property but now they will take a hot potato. Both deserve to loose their money and property. Both did it to make money from one another. The government should not help neither simply make both loose without any accountability then prices will go down to auction prices while many stupid borrowers their credit trashed and many stupid banks will close. Now what to do with the good borrowers who bought in the wrong time and are paying on time but their properties are a hot potato ? - Help them or simply tell them you dummies !