Squatter Stimulus: No Mortgage Payment for Three Years and Counting

  • metta

    Posts: 39075

    Mar 18, 2010 7:16 AM GMT

    Squatter Stimulus: No Mortgage Payment for Three Years and Counting


    Gesh...I work so hard to make sure that I pay my bills, including my mortgage payment on time. This just not seem fair to me.

    http://www.calculatedriskblog.com/2010/03/squatter-stimulus-no-mortgage-payment.html
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    Mar 18, 2010 7:29 PM GMT
    Highly upsetting.
    I have seen a few of these people usually on some show crying, asking for help to pay their mortgage.
    Then you find out they put nothing down and took out thousands in equity buying new cars, boats, and flat-screens; all the while, living rent free.
    Most file bankruptcy getting to keep the bounty.

    We bail out the banks that aloud this to happen, in effect paying for their flat-screen.
    I often see someone in a new car and wonder if I paid for it.