Forum Discussion
pnichols
Aug 25, 2013Explorer II
CarlGeo wrote:
NO, you did not give it back to the bank, YOU failed to live up to your promisary note to pay for something. If you make a promise, it should be kept, and you should have paid for what you purchased. Just because someone changes their mind is not reason to stop paying a promise note.
Duuuuuhhh ... how's that any different than what millions of Americans have been doing the last few years when they "walk away from" (in other words - give it back to the bank) their un-paid-for homes because they were underwater with their mortgage??? The short answer is "no different" ... and yet this behavior seems to have been all too common and all too accepted throughout our land.
Almost everything I own or am still making payments on is worth less than I paid for it. Being "worth less than the price we financed" is no excuse for not continueing to make the payments ... anything less is breach of contract and/or stealing ... plain and simple.
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