Re: This is disturbing.
Ethic - NO. Understandable - Absolutely.
I'm seeing a lot of people doing short sales that shouldn't be. They just want to offload their problem onto someone else. The sad part is that this is going to change the lending practices for a long-long time to come. We'll all be paying for the over inflation of the market for years. Mortgage rates will eventually sky-rocket and stay high for a long time.
These reductions in rates and bail-out programs offered by the government are only short term solutions. We're all going to have to pay for it eventually. Nobody is getting away unscathed.
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