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Second Mortgages Vex Borrowers

Started by notadmin
almost 16 years ago
Posts: 3835
Member since: Jul 2008
Discussion about
"For borrowers who have sufficient income or other assets, or are likely to have the means in the future, banks should try to negotiate a settlement involving at least partial repayment, he says. If borrowers refuse to cooperate, lenders in some cases can garnish their wages or other assets." http://online.wsj.com/article/SB10001424052702304846504575177720824287204.html?mod=WSJ_latestheadlines This is very good news for taxpayers and for those that were responsible borrowers/homebuyers. Paying for a party one hasn't been invited to is not acceptable.
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