ThisRegard wrote: » So your advocating the following, you get a mortgage for whatever amount for whatever term. The property is worth less than you purchased it but it doesn't matter because the mortgage is still the same as what it was when you took it out. And you think you should run from this mortgage ? It's idea like this that encompasses the model hazard issue which is delaying any sort of movement in this problem much to the disadvantage to people who are in real financial trouble.
DellyBelly wrote: » There is of course personal responsibility for paying back what you took out. But if i was in neq equity for an amount like 200k then I would definetly consider this. As I said you need to look after yourself in this life sometimes.
