Comment on A conundrum

• ExLisper@lemmy.curiana.net ⁨3⁩ ⁨weeks⁩ 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.

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  • null_dot@lemmy.dbzer0.com ⁨3⁩ ⁨weeks⁩ ago

    Who is more likely to default, a borrower with $100k equity, or a borrower with negative $100k equity?

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    • ExLisper@lemmy.curiana.net ⁨3⁩ ⁨weeks⁩ ago

      Read my other comments. I answered this already.

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      • null_dot@lemmy.dbzer0.com ⁨3⁩ ⁨weeks⁩ ago

        Read my other comments, explaining why people with negative equity often default on their mortgage.

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