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Man when i did everyone become banker's mouthpiece's, the banks lent the money, they also can lose and should, creating and lending money is not a one-way street to endless profit. Anyone who can walk away from an underwater mortgage should, banks need to learn lessons too,
If you have few assets the banks will not waste their time chasing you, lawyers cost money. Play the game, but play it better.
The banks put their hands out when they need to be bailed out and no mater how much right wing, moral bulls*** people here say, they will force governments to bail them out.
Is'nt it funny that banks create huge problems and then get all the ignorant self-interested people to fight there moral arguments,
Coulda, woulda, shoulda...
I was labouring under the impression that we were actually taking into account how the currently binding Polish civil law works regarding debts, obligations, mortgage-secured credit and so forth and not talking how things should be.
Under the currently binding Polish legal statutes a credit obligation is still a personal obligation regardless of the mortgage. Thus the bank can ( and frequently - will ) pursue all available forms of recover, which often means wage garnishment, going after other property of the debtor and so forth.
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