Oh I agree PJ but the topic is personal responsibility in this mess.
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Originally posted by: BobOrme
I might be the only one in this discussion who has actually lost a home to foreclosure. I didn't "walk away". I got tossed out July 2010. Literally. After the deed was bought at auction, it took me a little time to find a new (much smaller) place to live. I ran out of time and space to move all of my stuff, so the local sheriff emptied the remaining contents (that his crew thought had value) from my home onto the front yard, gave me about 20 minutes to go through the property to find other stuff that had personal value that they left, locked me out, then told me I had 24 hours to take anything else I wanted to keep from the front yard. My neighbors and anyone driving by also could freely take anything they wanted from my front yard when I wasn't there. That was the most traumatic experience I've ever gone through. More than a year later, daily I still remember stuff that was piled in the yard that I'd still like to have, as well as stuff that I was locked out from retrieving after the sheriff's crew went through the building.
From 2009-2010, my personal income dropped by more than 50%, and I could no longer afford the mortgage payments on the home I had lived in for 22 years. I don't blame the bank, even though I had paid them more than the original loan. They aren't in business to break even or make tiny profits over a long period of time. I can only blame the economy, something over which I have absolutely no control.
