Comments on: NY TIMES – Deadbeats??? Biggest Defaulters on Mortgages Are the Rich https://4closurefraud.org/2010/07/09/ny-times-deadbeats-biggest-defaulters-on-mortgages-are-the-rich/ - Fighting Foreclosure Fraud BY SHARING THE KNOWLEDGE Wed, 03 Dec 2025 15:24:19 +0000 hourly 1 https://wordpress.org/?v=7.0.2 By: Stupendous Man - Defender of Liberty - Foe of Tyranny https://4closurefraud.org/2010/07/09/ny-times-deadbeats-biggest-defaulters-on-mortgages-are-the-rich/#comment-3151 Fri, 09 Jul 2010 17:14:37 +0000 https://4closurefraud.org/?p=7337#comment-3151 I’m glad the NYT gave this some coverage. People who choose to “strategically default,” at whatever socioeconomic strata, are simply doing what banks and corps do – they’re making a decision that is in their own financial interest.

I suspect the percentage of underwater mortgages is going to go up significantly in the next 12-18 months and that strategic defaults are going to become more common. Of course this feeds into the downward spiral. Actually, just about everything seems to feed into the downward spiral, LOL.

I hold no bad feelings for those that elect this as their best option.

]]> By: lisamarie https://4closurefraud.org/2010/07/09/ny-times-deadbeats-biggest-defaulters-on-mortgages-are-the-rich/#comment-3147 Fri, 09 Jul 2010 13:55:05 +0000 https://4closurefraud.org/?p=7337#comment-3147 Its so totaly ridiculous that any person of sound mind could come to the conclusion that one day hundreds of thousands of hard-working American family heads just woke up one morning and swung out of bed, looked in the mirror and said ” I think I’ll stop paying the mortgage today, I’ll risk putting my family out on the street, I’ll destroy my credit and my financial future that I have worked for all my life and damn the torpedos, yes, I think I’ll do this today.” Not just one person, but hundreds of thousands of people did this one day. It would make for a good movie, but it did not happen. What really happened???? Come on, you know….

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