Comment on A conundrum
null_dot@lemmy.dbzer0.com 1 day agoWhat do you call it in Europe when someone stops making repayments on a loan ?
Obviously, that’s a thing.
Comment on A conundrum
null_dot@lemmy.dbzer0.com 1 day agoWhat do you call it in Europe when someone stops making repayments on a loan ?
Obviously, that’s a thing.
ExLisper@lemmy.curiana.net 1 day ago
I meant that intentionally defaulting on a mortgage when the property loses value and not paying the debt is not a thing. That’s what we were talking about.
null_dot@lemmy.dbzer0.com 19 hours ago
Who is more likely to default, a borrower with $100k equity, or a borrower with negative $100k equity?
ExLisper@lemmy.curiana.net 16 hours ago
Read my other comments. I answered this already.
null_dot@lemmy.dbzer0.com 15 hours ago
Read my other comments, explaining why people with negative equity often default on their mortgage.