The bank Assessed the prospects for the price and value of the house BEFORE making my loans. I relied on their judgment on granting the mortgage that the basis of my being able to continue to pay and the times were sound.

When the value of the mortgage recently exceeded the value of the house, it was evidence the bank did a BAD risk assessment looking forward to the future on the value of this real estate and as a business and my mortgage on that particular property was therefore a BAD investment on the part of the bank.

I relied on the judgment of the bank and participated that this was an okay business arrangement, sound, or they would not have financed the home, on these terms. The investment by the bank was made on the basis of the property value into the future which they admittedly "misjudged" long range. (did not for see this crash)

If I continue to pay as the value of the home keeps decreasing below the mortgage, I am only subsidizing the banks poor investment.

The bank operates on a profit and loss basis but when it goes awry then it says as a business man, in the home rental business I do not operate on profit and loss, i am supposed to cover their error by squeezing me on "morality" and conspiring to ruin my credit unless I salvage their mistake.

My point is I ALSO operate on a profit and loss, and the "ruin your credit" threat is a solely artificial threat, derived from a conspiracy of the industry, on no sound basis to agree to mutually deny credit If I fail to cover their poor decision in buying this mortgage contract on this property for this time period.

That this is an illegal conspiracy based on nothing but mutual lending industry agreement to deny me something if I fail to pay the money they are attempting to extort unless I "pay the connected money they are asking, or enforce their threat.

Ganging together with other lenders they conspire to force a payment by all agreeing not to lend to anyone that goes against this taboo which is an unconstitutional restraint that should be covered and corrected with a class action lawsuit with all lenders that participate in this artificial conspiracy in restraint of trade.

It was nowhere in the contract, it is solely an artificial conspiracy to extort payment of money, that was not part of a legal contract, unless their demand for payment (extortion) of money is followed.

In part two we Take Up "The Foreclosure cards You hold To fight back."