Very sad indeed However it still dont make sense-Foreclose on...

  1. 2,463 Posts.
    Very sad indeed

    However it still dont make sense-
    Foreclose on someone - they go live in a tent - there seems to be no market to sell the house into so the house cant be sold or is sold much less than was borrowed for it - sold at a loss to all - the bank is not going to recoup loss from borrower unless they foreclose on his tent - if not sold I presume the house remains unoccupied coz all the renters are living in tents - so who the hell wins - how does selling the house out under them fix anything

    As said - just doesnt make sense to this simple mind - glad my mind isnt any bigger coz would get even more confusing
 
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