property to the moon, page-52

  1. 22,125 Posts.
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    "isn't "being forced to liquidate" self explanatory ?

    all of them (that were forced) had problem repaying the mortgage !"

    Actually mate it is not as simple as that. As forced to liquidate could have meant that they couldn't top up their equity as such had to sell. That is why I asked if they had problems repaying their loans as there is a big difference from a mortgage holder meeting their repayments and one that is not when it comes to assessing these types of situations.
 
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