Aeric
Line Up and Wait
Dead spot-on!I'm on the integrity side. He borrowed money, now he doesn't want what he spent the money on, so he is reneging on his word and his signature.
He is in a position to pay the money back, but he does not care about what he promised to do.
No matter how you slice the cake, he is now in the same league, and on par, with any low life he encounters. His word is worthless, his handshake is worthless, his signature is worthless.
He is a full blown low life. Your association with him can bring no good on your name.
-John
I'll add that some people think they "own' a house once they sign the loan documents. They don't. They own a piece of the house if they put money down. After a while they may not own any of the house if the value goes down enough.
If you can't afford the payments, or you just don't think it's wise to continue to pay, get the hell out and rent. Too many people have an aversion to renting, they think they're above that sort of thing. Well, guess what, if you're upside-down and making payments, it's pretty much the same thing. If you're not making payments, like the subject of this thread, you're a thief.