Posted By:
Dan BrettaLet me get this straight...someone can't pay their mortgage so the bank figures they'll go after them in court. What exactly are they going after? For the past 5-10 years my hometown has been booming in residential construction....I wondered who these people are that can afford these new homes popping up everywhere....where do they work? I live in a university/state capital town with the largest percentage of jobs being government jobs. My friend's girlfriend bought a $130,000 house two years ago with nothing down and she earns less than $30,000/year. For some reason I can't feel sorry for the lenders.