Comments on: Is It OK To Walk Away? http://washingtonindependent.com/2461/is-it-ok-to-walk-away National News in Context Sun, 04 Mar 2012 13:30:47 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: dilapidus http://washingtonindependent.com/2461/is-it-ok-to-walk-away/comment-page-1#comment-3859 dilapidus Wed, 06 Feb 2008 15:10:24 +0000 http://www.washingtonindependent.com.php5-9.websitetestlink.com/?p=2461#comment-3859 I heard a first person account of a guy who walked away from a home loan because he was upside down. Relatively shortly thereafter, he bought another house. He applied for another loan and when they asked him about it, he told them straight up, "it was a business decision, there was no incentive to keep the loan"<br><br>He had no trouble getting the second loan. I heard a first person account of a guy who walked away from a home loan because he was upside down. Relatively shortly thereafter, he bought another house. He applied for another loan and when they asked him about it, he told them straight up, "it was a business decision, there was no incentive to keep the loan"

He had no trouble getting the second loan.

]]> By: ritch http://washingtonindependent.com/2461/is-it-ok-to-walk-away/comment-page-1#comment-3857 ritch Fri, 01 Feb 2008 09:05:41 +0000 http://www.washingtonindependent.com.php5-9.websitetestlink.com/?p=2461#comment-3857 Jingle Mail, Jingle Mail, Jingle all the way...<br><br>Personally, I feel it's not moral. Likewise, I don't think it's moral for insurance companies to cancel coverage merely because a person is no longer an acceptable risk.<br><br>While one might feel this is corporate America getting its comeuppance, read John Quiggen's discussion on how the mortgage industry in many instances favors the borrower. Jingle Mail, Jingle Mail, Jingle all the way…

Personally, I feel it's not moral. Likewise, I don't think it's moral for insurance companies to cancel coverage merely because a person is no longer an acceptable risk.

While one might feel this is corporate America getting its comeuppance, read John Quiggen's discussion on how the mortgage industry in many instances favors the borrower.

]]> By: dilapidus http://washingtonindependent.com/2461/is-it-ok-to-walk-away/comment-page-1#comment-2141 dilapidus Wed, 30 Nov -0001 00:00:00 +0000 http://www.washingtonindependent.com.php5-9.websitetestlink.com/?p=2461#comment-2141 I heard a first person account of a guy who walked away from a home loan because he was upside down. Relatively shortly thereafter, he bought another house. He applied for another loan and when they asked him about it, he told them straight up, "it was a business decision, there was no incentive to keep the loan" He had no trouble getting the second loan. I heard a first person account of a guy who walked away from a home loan because he was upside down. Relatively shortly thereafter, he bought another house. He applied for another loan and when they asked him about it, he told them straight up, "it was a business decision, there was no incentive to keep the loan"

He had no trouble getting the second loan.

]]> By: ritch http://washingtonindependent.com/2461/is-it-ok-to-walk-away/comment-page-1#comment-2142 ritch Wed, 30 Nov -0001 00:00:00 +0000 http://www.washingtonindependent.com.php5-9.websitetestlink.com/?p=2461#comment-2142 Jingle Mail, Jingle Mail, Jingle all the way... Personally, I feel it's not moral. Likewise, I don't think it's moral for insurance companies to cancel coverage merely because a person is no longer an acceptable risk. While one might feel this is corporate America getting its comeuppance, read John Quiggen's discussion on how the mortgage industry in many instances favors the borrower. Jingle Mail, Jingle Mail, Jingle all the way…

Personally, I feel it’s not moral. Likewise, I don’t think it’s moral for insurance companies to cancel coverage merely because a person is no longer an acceptable risk.

While one might feel this is corporate America getting its comeuppance, read John Quiggen’s discussion on how the mortgage industry in many instances favors the borrower.

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