Owners Stop Paying Mortgages, and Stop Fretting
Wendy Pemberton, a barber in Florida, with a customer, Howard Cook. She stopped paying her mortgage two years ago.
By DAVID STREITFELD
Published: May 31, 2010
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ST. PETERSBURG, Fla. — For Alex Pemberton and Susan Reboyras, foreclosure is becoming a way of life — something they did not want but are in no hurry to get out of.
Foreclosure has allowed them to stabilize the family business. Go to Outback occasionally for a steak. Take their gas-guzzling airboat out for the weekend. Visit the Hard Rock Casino.
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Deadbeats are deadbeats.
As the taxpayer, why am I financing them?
Just cause you bought high and it’s low now, how is that society’s problem?
Sorry, it’s a private matter. Unless you are claiming fraud, in which case, the gooferment should investigate.
Otherwise, tough love!
I’d like to go to Outback, but I’m “poor”. I have to pay my taxes so they can be subsidized! Argh!
Ditto the boat and the Hard Rock.
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