obd 1069 help, please

From : steve lusardisteve lusarditom lawrencetom lawrencemikemike

Q: tbone wrote where do you come up with this complete horseshit if you really think that it works that way or is that simple then you know far less than even i accuse you of. if you stop making payments they will simply begin hitting your credit rating for late and missing payments and begin assessing fines against you for late and missed payments. if you continue not to pay and dont pay the fines then they will take you to court and sue the money out of you. lol you have no clue! the same thing happened in the 1980s when people took out high interest mortages thanks carter!. when the rates dropped under reagan they bailed took a hit on their credit and bought a new house. i did it and so did many others. your bs above is from someone who has no clue. well miles i guess that shows the kind of person that you really are your hand shake word or even signature aint worth shit. sure some did but it was a very different time and many couldnt afford to get out or simply refinance at the lower rate. things are very different now from what they were then both in the situation and how things are done. i would suspect that part of it is due to banks getting burned by people like you in the 80s. many of these loans were grouped up and sold as securities and defaults cost them a lot of money so there is much more motivation to sue especially if they know you have money. take you to court lol. guess this whole foreclosure thing really is bogus since these homeowners are simply being sued instead. lol what makes you think that they dont do both. they can and do forclose on the house and then sue for the difference between what you owe and what the house is wirth as well as payment of assessed fines. lol and who exactly are the idiots that decided to go with subprimes do you even know what that means many of these people were conned into getting slimy loans that they didnt understand that quickly turned into loans that they couldnt afford. many of these people took a subprime not because of bad credit or low income. they took it because it allowed them to buy a far larger home than they could otherwise. now they are facing reality from their own stupid decision. yes i blame the lenders too for conning them into buying more than they could afford. actually many of them took these loans to buy a home period. sure there were idiots that bought way more than they could afford but i blame the banks completely for that as well as they knew most couldnt afford to keep up these payments and fudged the figures to make these people qualify. the ones that i have no simpathy for are the specualtors as they knew what they were doing and the risks involved. -- if at first you dont succeed youre not cut out for skydiving .