Hey, Borrower!
Screwed up your mortgage? Made all the wrong choices? You lucky real
estate investor, you STILL made the right choice! Thanks to recent
federal Debt Relief Legislation, by just walking away from your
overpriced speculative loser property and your lender, your credit can
recover faster than you can say "Bankruptcy? What's that?"
Why, in less that two years, you might just be able to qualify for
another fat, unaffordable mortgage! And you thought you lost everything.
Not to worry, even though this legislation benefits real estate
speculators the most, you too can win, win, win albeit at the expense of
your $500,000, 1 bedroom 1 bath bungalow, good economic practice and
national economic health!
Just don't declare bankruptcy, like someone in real financial trouble
might consider. If you declare bankruptcy, like some joker who lost
everything to unforseen disaster or illness, you are putting yourself at
the mercy of courts and banks (who make today's bankruptcy laws). If you
just walk away from a massive mortgage YOU freely chose, you get off
scott free, without any substantial penalty! After all, what
asset-draining cancer or chronic workplace injury could POSSIBLY be
worse than losing a home you couldn't afford in the first place?
Even if you can afford your mortgage payment, this legal "Debt Relief"
may make it smarter to skip out: let's say your white elephant is
depreciating faster than a balloon in a needle factory. Don't wait for
forclosure-- walk away now! The government wrote a special law, just for
YOU! Yay! Just go out the front door, get in your Escalade, and leave
your house (don't worry, mommy and daddy will put you up). Don't look
back, there is only a hard lesson to be learned there. Now stay clean on
your other debt (like your credit cards and your SUV payment), and in
two or three years, any lenders left who haven't gone belly-up will be
breaking down your door to LEND YOU MONEY AGAIN!
Golly gee, thanks Congress! Thanks, Mr. President! You all may be total
****heads intent on ruining the country, but you are OUR kinds of
****heads! These are the kinds of moments that make you glad we sent all
those soldiers to die in Iraq. This is what it means to be American.
<http://money.cnn.com/2008/02/06/real_estate/walking_away/index.htm?secti
on=money_topstories>
<http://tinyurl.com/2jht8x>
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