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Replies: 31
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CU Guru [1534]
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Do you break your mortgage, car and business loan contracts?
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Aug 15, 2023, 6:34 PM
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Capitalism is based on honring contracts.
Seems like we have a bunch of socialists on here who advocate walking away from contracts, right?
The GOR is the GOR. It is a binding contract. Clemson signed it. Clemson Men keep their word.
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Orange Blooded [4926]
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Re: Do you break your mortgage, car and business loan contracts?
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Aug 15, 2023, 6:43 PM
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Clemson men didn't sign it.
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Athletic Dir [872]
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How so?***
Aug 15, 2023, 7:31 PM
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CU Medallion [57879]
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Clements is a Maryland/WVa man.
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Aug 15, 2023, 9:43 PM
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Nice guy, yet he still needs an introduction.
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All-In [31438]
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Re: Do you break your mortgage, car and business loan contracts?
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Aug 15, 2023, 6:54 PM
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Your avatar is creeping me out 😂.
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CU Guru [1810]
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Re: Do you break your mortgage, car and business loan contracts?
Aug 16, 2023, 8:43 AM
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Kinda looks like Lightbulb Bill, doesn't he?
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110%er [5434]
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Re: Do you break your mortgage, car and business loan contracts?
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Aug 15, 2023, 6:54 PM
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No I do not break contracts. Yes I support Clemson breaking the GOR. No, I am not two faced. When I take out a loan, it is between me and the bank. Clemson has ended up supporting the league in football. Why would the other universities bother to upgrade football when they are perfectly happy getting their annual amount? I do not believe in being an enabler. That is exactly what Clemson is right now. Run Clemson Run.
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All-TigerNet [10173]
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“The bank and me”
Aug 15, 2023, 7:35 PM
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People
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110%er [5230]
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Re: Do you break your mortgage, car and business loan contracts?
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Aug 15, 2023, 6:57 PM
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Millions of Americans have refinanced their home loans. Sometimes a new contract is needed.
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Orange Blooded [3227]
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Re: Do you break your mortgage, car and business loan contracts?
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Aug 15, 2023, 6:57 PM
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Nice satire.
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Letterman [297]
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Re: Do you break your mortgage, car and business loan contracts?
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Aug 15, 2023, 7:02 PM
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I can refinance my mortgage any time I see fit. If I had a car loan I could do that as well or any other loan if I have the capability. You're talking foolishness.
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Orange Blooded [3047]
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Re: Do you break your mortgage, car and business loan contracts?
Aug 15, 2023, 8:08 PM
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The Force Majeure Clause.
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Rock Defender [60]
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Re: Do you break your mortgage, car and business loan contracts?
Aug 15, 2023, 8:11 PM
[ in reply to Re: Do you break your mortgage, car and business loan contracts? ] |
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Sure you can, but the first step involves satisfying, ie paying off, your original loan.
Are you suggesting the University does a payoff, exit fee + GOR, of $500 million?
Show us your money.
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110%er [5051]
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Clemson has carried the ACC…efff the ACC!***
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Aug 15, 2023, 7:12 PM
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Orange Blooded [3354]
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Re: Do you break your mortgage, car and business loan contracts?
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Aug 15, 2023, 7:30 PM
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That's an interesting question we've been discussing tonight. My wife inherited rental property with a mortgage a couple of years ago. The mortgage was prefixed with "The Estate of" during the probate period. As requested by the mortgage company, my wife sent a copy of the death certificate and deed of distribution for them to transfer the name on the loan. At probate closeout, the property was deeded to my wife. A year later, she found out the mortgage is still in the name of the estate and the mortgage company doesn't like the insurance being in a different name than the mortgage. They now say they can't transfer the loan unless she pays a $900 loan setup fee. I said she should just quit paying the mortgage and see how successful the mortgage company is repossessing property that's deeded to a name not on the mortgage and from an estate that's been closed for over a year. What do you legal experts think?
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Orange Blooded [4162]
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Re: Do you break your mortgage, car and business loan contracts?
Aug 15, 2023, 7:58 PM
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Don't know the answer to your question but I can assure you the pucker factor will increase drastically at the office where the mortgage is held. Some folks might not have a job in the future.
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CU Guru [1516]
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Asst Coach [725]
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Orange Blooded [3227]
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Re: Do you break your mortgage, car and business loan contracts?
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Aug 15, 2023, 8:49 PM
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I currently have a 6% loan on my house. They offered to refi at 2%, but I said no way. I signed a loan at 6% over 15 years and I am not taking a better deal. I want to be a man. A deal is a deal.
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110%er [5318]
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Re: Do you break your mortgage, car and business loan contracts?
Aug 15, 2023, 9:31 PM
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Do you college football, bro? It’s the land of broken contracts. Coaches, players, schools, waterboys. It’s a free for all.
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Athletic Dir [865]
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Re: Do you break your mortgage, car and business loan contracts?
Aug 15, 2023, 9:47 PM
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A fair and equitable court system is a prerequisite of a capitalist society.
Contracts are broken all the time and go to court.
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Oculus Spirit [94287]
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There are three ways a contract ends.
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Aug 16, 2023, 1:50 AM
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Both parties can fulfill their commitments, they can agree to end it or they can amend the contract which means a new contract is formed. Those ways are legal, no one here has suggested Clemson exit the ACC by any other means.
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CU Guru [1516]
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Re: Do you break your mortgage, car and business loan contracts?
Aug 16, 2023, 6:27 AM
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If capitalism is about honoring contracts, what is socialism about?
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110%er [8142]
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Re: Do you break your mortgage, car and business loan contracts?
Aug 16, 2023, 6:42 AM
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Contracts are like hearts, they were made to be broken. Ray Kroc
It’s obvious you are a troll or have never been in business or both.
Conditions change from when a contract was signed. When conditions change significantly, the parties can renegotiate the contract or walk away. Happens everyday in business and personally (marriage contract as an example). As long as both parties act in good faith to find an equitable solution, there is nothing wrong with walking away if the contract no longer serves both parties
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Orange Blooded [3371]
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Re: Do you break your mortgage, car and business loan contracts?
Aug 16, 2023, 6:43 AM
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This is indeed about capitalism and rejecting socialism. We’ve been playing socialism far too long in this league. The Wake Forests, Va Techs, NC States, Ga Techs, etc in this league have been eating heartily at our expense. We’re tired of paying their college debt. Time for them to pay for their own.
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CU Guru [1051]
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Re: Do you break your mortgage, car and business loan contracts?
Aug 16, 2023, 7:43 AM
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The GOR has a means of exiting the conference. There are fees involved but the means are there. Doing so wouldn't be walking away from a contract. It would be exercising rights outlined within said contract. Obviously no rational mind in Clemson would suggest walking away from the contract. Outside of moral obligations, their are serious legal ramifications involved with breaking a contract, especially one with organizations as big as ESPN and ACC
The same goes for loan contracts. There are generally clauses that allow for early payment, either by the lessee or a third party for refinancing.
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Heisman Winner [112249]
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Re: Do you break your mortgage, car and business loan contracts?
Aug 16, 2023, 7:48 AM
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relationships with your fellow man and your own happiness and health are far more important than money.
IHTH.
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Orange Blooded [2471]
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Re: Do you break your mortgage, car and business loan contracts?
Aug 16, 2023, 7:53 AM
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Hopefully if you were ever offered a raise at your job, you turned it down, Mr. Principled.
You agreed to a salary for the job you performed, and unless you started doing better or more work, you should be locked into that rate for life.
See how stupid that sounds? If you don't get a 3% raise, you can't even keep up with the cost of living. When you understand that external factors change (and in the GOR situation, those factors are what every other conference is being paid for their TV deal), that is time to renegotiate.
I am not sure if your IQ is around 75, or your troll factor is 75.
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All-In [40129]
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Ok.***
Aug 16, 2023, 7:57 AM
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All-In [30950]
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people break and renegotiate their loans all the time.
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Aug 16, 2023, 12:39 PM
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if you dont refinance when it makes sense economically to do so then you should look into it.
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Freshman [-100]
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Re: Do you break your mortgage, car and business loan contracts?
Aug 16, 2023, 6:22 PM
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I refinance by mortgage when I can get better interst rate. Same for my car, or I trade or sale it.
I don't sign business deals that are that long term without an exit strategy. A good deal today may not be a good deal tomorrow.
If I have to break a bad business deal to stay in business, yup I will. There is a cost to breaking that contract. But if I am willing to pay it. Yup.
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Legend [16384]
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Re: Do you break your mortgage, car and business loan contracts?
Aug 17, 2023, 6:21 AM
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I googled “false equivalency” and it redirected me to this poast…
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