Re: Can Honerable People Have Mortgages?

On Thu, Oct 21, 2010 at 9:05 AM, Dan Minette <[email protected]> wrote:

> But, there was always a possibility that I'd be
> hit by a devastating illness after the mortgage went under water, so that it
> would be impossible to sell the house for enough to pay the mortgage and it
> would be impossible to keep up payments.

...

> Given that, do you consider it dishonorable for me to have taken out a
> mortgage?

Of course not. But I would expect an honorable person, if they were
not foreclosed upon, and if they recovered from the illness and had a
new income, to attempt to pay back the money. That would probably not
be an issue if I understand the situation you described, since there
probably would have been a foreclosure.

Are you saying that Nick has an extreme hardship that is keeping him
from paying his mortgage?