I'm not so sure it'll be overturned -- Sam's Place

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Subject: I'm not so sure it'll be overturned

Author:
Rick

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Date Posted: Thursday, November 26, 03:09:30pm

for sure the bank has to appeal it but... big big but... how will their own customers feel about it? Not to mention the taxpayers who handed them their bailout money?

Here's my opinion... I don't have much sympathy for people who make $30,000 a year and buy a $750,000 house and then lose it. They're stupid for geeting so far in over their heads and the banks deserve to lose money on it because they're the idiots who told them they can afford it. If you buy a house you can't afford, I don't feel sorry if you lose it.

However, the couple in question never said they didn't want to pay for their house. They wanted to stay in it and renegotiate the loan. In this case the bank was the complete moron because they wanted to own the house. What bank wants to own a house? What if they can't get rid of it? They'd be paying to maintain it but they have more money tied up in it than its worth so who the hell would buy it? That couple wanted to keep it and they wanted to pay for it. They didn't even say they wanted it for less than the agreed upon selling price. They just wanted lower payments. But the bank got stuck on stupid and they lost. They deserved to lose and I think when it comes to the appeal, you're going to see the appeals court side with the original judge so long as that judge stayed within his legal rights when he brought down the judgement. If he checked case laws before he did that, they can appeal till doomsday and it will not be overturned.

also, aren't judges elected in the States??? what judge would side with the bank and then ask to be re-elected by the people getting screwe dby the banks?

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