3 ms·

I'm not certain, but I gather in this case the person who bought the house for a dollar would also take over the mortgage. Canadains are weird around home owner

I'm not certain, but I gather in this case the person who bought the house for a dollar would also take over the mortgage. Canadains are weird around home ownership, our markets don't behave like other developed countries'

eloff 7y ago
I believe that's how it must have worked. It still happens in Detroit today.
- vkou 7y ago
  Those aren't underwater mortgages, those are unpaid utility bills and property taxes.