 pnh102Reptiles Are Cuddly And PrettyPremium
join:2002-05-02
Mount Airy, MD | reply to DataRiker
Re: Why Is This Bad? said by DataRiker:Even more astounding is your assertion that you could have understood, even when a Harvard law professor can't, the contractual language of the modern mortgage. Sorry, but that says more about your friend than it does about me.
I had zero problems reading and understanding, in its entirety, my mortgage contract when I went to closing. I had my questions, I went over them with lawyers at closing, looked up some other things I did not know, and my house has yet to be foreclosed upon.
And to be fair, a standard mortgage contract for a primary residence is NOT that complicated either. If someone from Harvard cannot understand it, that says more about that person than the vast majority of people who sign and abide by these contracts every day.
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Blagojevich / Madoff 2012! |
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| Your contract does not equal everyone's contract. You do not have the scope of mind to comprehend that.
Nor do you have the ability to comprehend predatory contracts, which are the norm these days.
You should not have to blame the victims. The law should protect people, not hurt them. |
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pnh102Reptiles Are Cuddly And PrettyPremium
join:2002-05-02
Mount Airy, MD | said by DataRiker:Nor do you have the ability to comprehend predatory contracts, which are the norm these days. Really? Where is your proof? From what I've heard 91% of mortgages are still current.
said by DataRiker:You should not have to blame the victims. The law should protect people, not hurt them. Sure I can. If the terms were fully disclosed and the borrowers did not bother to read or understand what they were signing, then why is it the lender's fault?
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Blagojevich / Madoff 2012! |
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