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I cannot default on my mortgage why should he be allowed to do so? He signed a contract to pay the money back. Too bad if his collateral won't cover all of the loan. He still owes.
I cannot default on my mortgage why should he be allowed to do so? He signed a contract to pay the money back. Too bad if his collateral won't cover all of the loan. He still owes.
Yes you can. You can simply not write that monthly check.
It doesn't have to. Theft is a crime even without a written contract.
Ahh nope.. For once Eistein got one right..
if you GAVE him the money, with or without a promise of repayment, its not theft. There is a difference between taking something without concent, and someone giving you something with concent, its the exact opposite of one another..
its only theft if the mortgage is not paid, and the person refuses to vacate the property in a timely manner when given the eviction notice. otherwise it is a civil matter.
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