I think the blame can be spread to both the lenders and borrowers. First off, the people buying those overpriced houses don't ever bother to read anything that sign. They just listen to the agent for the lender who is certainly not going to bring up the point that somewhere down the line they will have high interest rates kink in plus a big balloon payment. But to treat pets like that and to trash the houses is just to much. They are taking out their own stupidity on other things.
Ron
