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In response to
"I think the very nature of a mortgage is a bank saying, in effect, if you don't pay, we get your house. The borrower is saying, okay, it's a deal. -- nm"
by
mara
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the issue is the deficiency - meaning the bank doesn't just
Posted by
lafarrow (aka lafarrow)
Jun 23 '10, 15:21
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get the house they get the benefit of the bargained for contract - lose the house and still owe $100k - sounds fair to me
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Responses:
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