This May Really ‘Tick’ You Off…

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April 1, 2015 by Jeff Lowen

Perusing through the many articles, news stories, industry rags and legislative hum-drums; I came across an article that at first glance, or perhaps even the second or third, may be a little uneasy for some readers. So, before I throw the link your way, I’ll see how well I offer a Readers’ Digest condensed version.

Oh no! I wonder if the reference to Readers’ Digest has me on the ropes of mesozioc geriatricism! Lol

All things being equal, I’ll just state the facts, reserve judgement and let you decide. I know, it’s more fun to have and share a very passionate opinion, but in this case – a woman living in Miami, has not paid her mortgage for five+ years and now there’s a “legal quirk” as it’s being called, coming into play where she’ll not only get to keep her home, but never have to pay another mortgage payment again.

There.

http://www.nytimes.com/2015/03/30/business/foreclosure-to-home-free-as-5-year-clock-expires.html?ref=business&_r=1

What do you think about this?

Are we rewarding people for defaulting?

Will she have to pay the taxes, or will that be gratis as well?

Is this a case by case basis and will help otherwise would be completely homeless families?

Is this just another display as to benefits of hiring a creative lawyer?

The thing about any news story, is that we really don’t know the details. Is it possible that there are valid reasons? And by whom shall the term “Valid” be defined. Either way, this is a pretty hot topic.

Share your thoughts. I’d like to know what we all think about this!

p.s. No, this is not an April Fools thing!

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