If you read the above case Bob may lose under both... and be forced to pursue the fraud / breach of fiduciary duty claims.I stand corrected, though I'm honestly shocked that the Legislature provided such a provision. 

It's been this way for 30 years.I got a good chuckle out of someone above acting shocked about having to take the trash to the dump 6 miles away, while at the same time mentioning that the checkout list is getting harder, not easier. 

However, in historical context rates are still pretty normal now at 6.5% - we just have sticker shock coming from 3% (which was insanely low for a 30yr fixed!!)

Since bringing the loan current can be $10,000 to $50,000 - that alone shocks people into reality.

This statistic looks shocking but according the NYT "the national vacancy rate hasn’t changed very much over the past 20 years, moving from 9 percent in 2000 to 11.4 percent in 2010 to 9.7 percent in 2020"Also, when you read the Lending Tree article, the Census Bureau defines "vacant" (any home unoccupied on April 1) as:For rent: These are vacant units offered “for rent,” or vacant units that are offered for either sale or rent.Rented, not occupied: These are vacant units where a rental agreement has been reached but the future occupants haven’t moved in yet.For sale only: These are vacant units currently on the market.Sold, not occupied: Similar to “rented, not occupied,” this category covers homes that have sold but the new owner hasn’t moved in yet.For seasonal, recreational or occasional use: These include homes for seasonal use like beach cottages and hunting cabins or lodging for seasonal workers like herders and loggers.

I wouldn’t be shocked if another crash happens in the next 5 years or at least a correction I should say.

You’d be shocked by how little actual screening many PMC’s do!

The blame resides primarily on soaring mortgage costs as the 30-year fixed-rate average jumped from about 3% at the start of the year to a shocking 5.25% this morning - the highest since 2009...

Empirically speaking, the lighthouse is more stable than the boat, and gold is more stable than the dollar.For example, whatever the dollar price of oil is, it keeps on trading in a shockingly stable range against gold for literally 150+ years.

Does not seem like a very pleasant situation to be in at all.