Comment on A conundrum

• PeriodicallyPedantic@lemmy.ca ⁨5⁩ ⁨days⁩ ago

  But if you don’t pay, they get the house. There is no risk of loss, only risk of not maximizing profit.

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  • null_dot@lemmy.dbzer0.com ⁨5⁩ ⁨days⁩ ago

    Foreclosing is a very expensive process.

    If you borrow 100% of the purchase price and the bank has to foreclose they would incur a loss.

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    • PeriodicallyPedantic@lemmy.ca ⁨5⁩ ⁨days⁩ ago

      Oh no, their own process that they made for being given a house is so expensive, I feel so bad for them!

      Why are you defending them so hard? You just have to look at their quarterly financials. They’re making out like gangbusters.

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