Would you shoot yourself if it meant getting your mortgage forgiven?

Not that I'm advocating suicide, but for someone who is 90 years old, and has made her contributions to society, I think the mortgage company did the right thing....

Now if someone is younger and capable of paying their bills and just doesn't.... its their own stupid fault, and I hope they have good aim!

 

that's so sad. poor great-grandma.

 

Uhmm. she was 90 and had probably lived in the house nearly her entire life.
sounds like she refinanced and had the mortgage bought by another mortgage lender(banking regulations are that the lenders have to have mortgages "spread out" in various communities) She more than likely refi'd for a grandchild or child that was in financial trouble and then didnt repay her. Causing her to fall behind.

its sad that the mortgage company felt that they HAD to evict a 90 year old from her home.
I feel no pity on people that work part time at WalMart of the local fast food and applied for a 400K mortgage and then found that they really COULDNT afford to live large. Those are the people that got the country into the mess it is... well them and the fools that signed off on those loans.

 

Rhett&SarahsMom :

Uhmm. she was 90 and had probably lived in the house nearly her entire life.
sounds like she refinanced and had the mortgage bought by another mortgage lender(banking regulations are that the lenders have to have mortgages "spread out" in various communities) She more than likely refi'd for a grandchild or child that was in financial trouble and then didnt repay her. Causing her to fall behind.

its sad that the mortgage company felt that they HAD to evict a 90 year old from her home.
I feel no pity on people that work part time at WalMart of the local fast food and applied for a 400K mortgage and then found that they really COULDNT afford to live large. Those are the people that got the country into the mess it is... well them and the fools that signed off on those loans.

I agree with you on some points but disagree with you on others.

a few members of my family who live in the USA HAD great paying jobs at a large auto maker and due to the car market slowing down they got laid off and lost their home. they did not over extend their credit, they did not "live it large" they were not living pay cheque to pay cheque they HAD savings but like anyone else they had bills and yes my aunt is now working at walmart my uncle is in construction and that market is slowing down really bad too.

I agree 100% the people who over extended them selves with credit i have no pitty but they are not the sole reason for the for the mess.

people buying forgen everything is part of the problem too.​