Stop Payment: A homeowner’s revolt against the banks (2012)
When you signed the loan for the mortgage, you made a business transaction with the bank. You knew full well the terms of the mortgage and the consequences of not paying it. You also should have known that the bank could sell the mortgage. They explained it clearly on all six mortgages I’ve signed for over the years.<p>But, I also have no moral qualms with “strategic defaults”. The bank also knew what they were signing.