Biggest Defaulters on Mortgages Are the Rich v. More Ruthless

  • Thread starter Thread starter Mejnoon
  • Start date Start date
You didn't specify recourse mortgages, and you were replying to a post that specifically referred to non-recourse mortgages. Why is it so hard for you to admit that you were wrong?
 
These people are going to be getting sued

http://articles.latimes.com/2010/jun/24/business/la-fi-fannie-walkaways-20100624

Fannie Mae gets tough on homeowners who walk away
The mortgage giant plans to go to court against those who can afford to make their payments but decide it's nrabroad
worth it. It also will limit their access to future loans.
 
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