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What I do see is the exact same type of selfish, self-serving profiteering point of view that one person at a time put this nation into the boat it is in.... but, everyone else is doing it, so I'm just getting mine, right?



Where exactly am I profitting from this?? I'm trying to get out from under a bad loan that I have no real other options for. If anything I've been paying several years worth of interest, I'll have bad credit for 2 months and the bank gets the property in the end anyway.

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Short selling a home, especially one that you can afford, simply in the name of profit... passing the loss - which is currently only a loss in value, not a loss in cash - onto the bank, who passes it onto the mortgage insurer (the loss is now a cash loss) like ....hmmm, AIG? All in the name of making a buck... and that is ALL it is about.



I'd love to see where I'm making a buck here. I'm cutting my losses to get out of a bad situation, and the bank gets the property anyway. The bank gets it's insurance money AND the property. The insurance company already got it's bailout money. I get stuck with 2 years of bad credit, 4 worth years of house payments and home improvements spent, and not much else.

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And we wonder why they keep needing billions and billions as we wag our finders saying "you're mismanaging your money and bilking the taxpayer!!"..... but nobody wants to take personal responsibility for their part in it and nobody wants to own up to their part in THEMSELVES being the ones that are bilking the taxpayers.


So I should take it up the can twice? Pay on a house I can barely afford anyway, will never be worth what I paid for it, and can't get refinanced ... and still pay for AIG's bailout as a taxpayer anyway?