(just sayin’)

But in this case…if I were the legal counsel for her mortgage company I would say it would be worth the $500,000 it would cost to sue her for breach of contract. I would specifically ask for the judge to order her to abide by the real estate mortgage contract and that until said time as she can sell the house and pay off the mortgage she is to be ordered to pay her contracted mortgage payment.

A judge cannot order a person without financial means to pay more than their income allows. However, there is legal precedent that would allow a judge to order this woman to contine making her payments on the contracted mortgage until either said mortgage debt is retired and/or her income falls below what the reasonable costs of the mortgage are.

They need to make EXTREME examples of these people who bought houses expecting to make a killing and walking away when they dont get their way…that is not the way our legal system works

What amazes me most, though, is how the MSM generally are cheerleading people like this and castigating banks in the same breath. If people in the media had any conscience at all, they would be asking what banks are doing to ensure that, regardless of slimy inducements to make bad loans by Fannie or Freddie, people are now only borrowing money where they can demonstrate a low-risk ability to repay the debt – and ensuring that the banks review their loan portfolios so that they can take action on loans that should never have been made in the first place.

Either banks will get ahead of the coming tidal wave of “shadow inventory” defaults by being proactive about managing risk now, or else they will be sucked under by it over the next 24 months.

After all, almost 100% of people with auto loans are upside down on them, given every new car drops in value by at least 20% the second they’re driven off the lot, and they’ll never rise in value, so why not?”

Great point!

Further, banks will be told that they’d better issue credit cards to people like this, or the Government will “get involved.”

Look for both any day now.

Meanwhile, how long before people start doing this with autos?

After all, almost 100% of people with auto loans are upside down on them, given every new car drops in value by at least 20% the second they’re driven off the lot, and they’ll never rise in value, so why not?

For all those concerned with contracts, the President has shown one can summarily ignore and/or invalidate them (say, employment or salary contracts), so why shouldn’t the people follow his lead?

“She just may have outsmarted herself with this one.”

Closed-end-loop if ever there was one.

In this case only one party walks out with all the cookies

hey…as one who has gotten the short end of a divorce stick…I also know it isn’t always fair Just not the same thing.

Just took a gander at her resume’ page. Seems she is on the “National Honor Society in Computer Sciences” .

Ummm…possibly the only honor she understands.

University of Maryland University College

MBA/MS in Management , Information Technology , 2009 — 2011 (expected)

Pursuing dual degree – MBA/MS in Management focus in Information Systems and Services

Hey, marriage is a contract and we don’t care if people break those contracts.

And hey again, is Ms. Baker married, ever been married, a single slutty mother, or what?

Maybe her children are on-the-job accidents and without the public option “abortion is in” language, well, she has two children, daughters, maybe apprentices in her trade.

Just saying…

http://www.linkedin.com/in/hea.....ssionalbio

Heather Baker’s Experience
Video Hub Technician
Verizon
(Public Company; VZ; Telecommunications industry)
January 2008 — Present (2 years )