Reply #29: Not even going into the Constitionality of it...

[fuggbush21]

if you hold a mortgage, that house does not really belong to you. Like it or not, your "renting" it from the bank until you pay off the loan.

I'm a victim of foreclosure, a house that I had half stake in (with my father) ended up foreclosing when the renters stiffed us several months of rent, and made the house unlivable. But this idea is BS. We lived in that house for 8 years, then when I joined the military and my parents got a divorce, everyone went their seperate ways, so this was a house that we lived in as well. Lots of fond memories there, and I eventually planned on fully owning it so I could retire there. I would not want the government to forcibly return this house to me though. We were unable to pay the loan off. Granted while we got stiffed by others, it was still our responsibility to make sure that payment was made. We failed in that responsibility, and the foreclosure was the penalty.

This crap I've been reading here about purposefully not paying off debt is just exactly that, a load of crap. You willingly, and knowingly took other peoples money. Whether it was through credit cards, loans, whatever. You took their money, and spent it. You have an obligation to pay them back, not just legally, but it damn well should be morally to. It's sad seeing so many people here who feel that it's ok to open a contract with someone, where you legally agree to something, and then without blinking go back on the agreement you made simply because times are a little tough. Thats some pretty bad moral depravity there.