Flame — HabitableZone

Flame » in reply to Oh, I do.

I agree
Eri — (archived)

Another element to consider is the loan recipient may be incapable of understanding the various facets of a mortgage. All they know is they can finally have their dream, owning a home. The director of my section at work simply does not comprehend why the woman I've been training in some facets of my job cannot simply take it over when I retire. I have tried to explain to her that the woman I'm training does not have an analytical mind which is something needed when working with the financial aspects of research support. Not having an analytical mind, she is incapable of making sound judgments. She can be taught to do a, b, and c very well and will do it quickly and accurately. However, she does not understand how a, b, and c relate to d and no amount of explanation can teach her how to think. When "d" gets thrown into the mix, she has to come ask someone how to deal with it.

A lot of people judging those who agreed to bad loans seem incabable of comprehending that people have limitations and when you speak about financial agreements to an undereducated person or someone with limited understanding, you might as well be speaking Greek. They have no resources to fall back on to help them comprehend. Most likely they cannot afford a lawyer and don't have one in the family.

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