Jimmie writes, "Those homes are not “their” homes. They belong to whomever holds the mortgage. The people who live in those homes only do so because they continue to fulfill the contract the made with the mortgage holder. Once they default on that contract, the owner of the home can claim it back... When you buy on time, what you have isn’t your until you pay for it. Thsoe who are having mortgage problems right now haven’t paid for their homes, thus the homes are not “theirs”. Anyone who says otherwise is playing political games with you and wants to drum up sympathy for those who got into foolish mortgages. They’re not necessarily acting in your best interest."
If It’s Not Paid For, It’s Not Yours | The Sundries Shack