ickplant@lemmy.world to Lemmy Shitpost@lemmy.world · 1 year agoA conundrumlemmy.worldimagemessage-square164linkfedilinkarrow-up11.28K
arrow-up11.28KimageA conundrumlemmy.worldickplant@lemmy.world to Lemmy Shitpost@lemmy.world · 1 year agomessage-square164linkfedilink
minus-squarePeriodicallyPedantic@lemmy.calinkfedilinkarrow-up1·1 year agoBut if you don’t pay, they get the house. There is no risk of loss, only risk of not maximizing profit.
minus-squarenull_dot@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up1·1 year agoForeclosing is a very expensive process. If you borrow 100% of the purchase price and the bank has to foreclose they would incur a loss.
minus-squarePeriodicallyPedantic@lemmy.calinkfedilinkarrow-up1·1 year agoOh 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.
But if you don’t pay, they get the house. There is no risk of loss, only risk of not maximizing profit.
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.
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.