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Comment on BMW Is Showing Commercials On Their Car's Dash Screens And They Want You To Think It's A Treat - The Autopian

tias@discuss.tchncs.de ⁨2⁩ ⁨weeks⁩ ago

I own a house, and I make payments to a mortgage company every month, and I’m pretty sure it would be illegal for that mortgage company to put a fucking Spider-Man billboard in my yard, facing my front windows.

So… you don’t own a house, the bank owns it. Don’t give them ideas.

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Vodulas@beehaw.org ⁨2⁩ ⁨weeks⁩ ago
That’s not how mortgages work. You own the house, the bank owns the loan.

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- t3rmit3@beehaw.org ⁨2⁩ ⁨weeks⁩ ago
  In other countries than the US that distinction actually means a lot more. For instance, some countries will not allow a bank to repossess cars or houses once a simple majority of the loan has been repaid. In the US, you could be on the final 1 cent payment and the bank, from a legal standpoint, can foreclose on the whole thing if you fail to pay it. In realistic terms, it’s theirs until the loan is entirely repaid.
  
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- chahk@beehaw.org ⁨2⁩ ⁨weeks⁩ ago
  Semantics. Try not making a couple of mortgage payments and you’ll find out very quickly who actually owns that house.
  
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