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Great question!
A cynical answer is that the AIG executives could fight back if a third party interfered with their contracts (this looks like a case of tortious interference with contract) whereas homeowners have already breached their contracts and so the mortgage contract adjustment is technically a new contract.
A cynical answer is that the AIG executives could fight back if a third party interfered with their contracts (this looks like a case of tortious interference with contract) whereas homeowners have already breached their contracts and so the mortgage contract adjustment is technically a new contract.
source(s):
Law school and work at a foreclosure law firm.
Law school and work at a foreclosure law firm.
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