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Losing money doesn't mean losing the underlying property. There were certainly some losers, but the vast majority of them were the people who lost their house,
by lsiebert 8y ago
Losing money doesn't mean losing the underlying property. There were certainly some losers, but the vast majority of them were the people who lost their house, not the banks which foreclosed on them.
- cycrutchfield 8y agoPeople that lost their house overpaid for real estate that they could not afford. It’s strange that you seem to assume that overburdened debtors are saints while overextended creditors are devils. Both parties made mistakes they should not have made, and both parties suffered rightly as a result.
- lsiebert 8y agoYou realize banks were foreclosing on people who didn't even have mortgages, or never missed payments, and often on mortgages they didn't legally own, right? https://theintercept.com/2019/03/13/kamala-harris-mortage-crisis/ https://theintercept.com/2019/03/13/kamala-harris-mortage-cr...