To burn the house to pay the mortgage
17.03.2008
The terrible situation of some families of the USA before his mortgage problems has moved to burn his houses to be able to receive the insurance and pay to the bank, a measured dramatic art that usually costs them very expensively, sometimes even with the jail. The crisis of the mortgages of high risk that began the previous summer in the USA has hurt in the pockets of many Americans in a country through that he lives on credit.
The refinancing, reunification of loans and the search of other lenders is the most habitual formula to try to face to the letters of the house. Nevertheless, they have decided in favor some of a solution more radical and driven to despair to escape from the debts: to burn his house, to receive the insurance and to pay to the bank.
Several Americans have met opposite to the judge in several points of the country, like Michigan or California, cornered before the demand of the insurers and the banks and with the only exit to assume his responsibility.
The judgments are usually condemnatory and leave the accused at large conditionally, but with a major number of debts behind him, more the costs of the judgment and without the housing that was serving to them to endorse his credits.
In Internet they have begun to proliferate blogs in that the people, who shuffles the possibility of setting fire to his properties, ask for advice on the procedure and the steps to be continued later.
Messages titled like not payment the mortgage, I burn my house, save you of paying the mortgage, burn your house, prevent the bank from remaining with your house with fire, or how to burn a house for the insurance and to leave with yours, there are mere examples of an increasing tendency. The banks initiated last year approximately 1,5 millions of mortgage executions.
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