Comment on A conundrum
ExLisper@lemmy.curiana.net 16 hours agoI meant that intentionally defaulting on a mortgage when the property loses value and not paying the debt is not a thing. That’s what we were talking about.
Comment on A conundrum
ExLisper@lemmy.curiana.net 16 hours agoI meant that intentionally defaulting on a mortgage when the property loses value and not paying the debt is not a thing. That’s what we were talking about.
null_dot@lemmy.dbzer0.com 10 hours ago
Who is more likely to default, a borrower with $100k equity, or a borrower with negative $100k equity?
ExLisper@lemmy.curiana.net 7 hours ago
Read my other comments. I answered this already.
null_dot@lemmy.dbzer0.com 7 hours ago
Read my other comments, explaining why people with negative equity often default on their mortgage.
ExLisper@lemmy.curiana.net 7 hours ago
Not in Europe.
(this is fun. let’s keep doing this forever!)