owner of house i am renting disappears off face of earth

[C-Dog]

I agree with Kaj on the bailout. I hope the US doesn't bail people or companies out. They made the loans, let them deal with it. I don't buy the whole "They tricked me" and "I didn't know what I was doing" crap. You put that much money/credit into something you should know the score. If not, your [censored].

Of course I don't own a home, so I am hoping to pick one up on the foreclosure market, or when the bottom finally get's reached.

As for OP, contact a lawyer, and stop paying rent. Drag this [censored] out, and get your rent free life on. Seems +EV to me, and this is a poker forum, so +EV is what we are all striving for right?

C-Dog

[cbloom]

[ QUOTE ]
I agree with Kaj on the bailout. I hope the US doesn't bail people or companies out. They made the loans, let them deal with it. I don't buy the whole "They tricked me" and "I didn't know what I was doing" crap. You put that much money/credit into something you should know the score. If not, your [censored].


[/ QUOTE ]

The fact is they did lie or mislead a lot of people who don't really understand finance, which is borderline illegal if not actually illegal (very hard to prove). What's worse they repackaged the mortgages and sold them with bogus credit ratings that didn't reflect the risk, which means that even without a bailout the mortgage companies aren't the one paying for their mistakes, pretty much every financial institution is paying, which trickles back out and affects almost everyone in the US.