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The biggest difference here is that there are processes for evictions and foreclosures. Evictions require notices, and foreclosures require legal processes. Len
by nulbyte 6y ago
The biggest difference here is that there are processes for evictions and foreclosures. Evictions require notices, and foreclosures require legal processes. Lenders don't attach a device to your home when you sign the dotted line to automatically lock you out if you miss a payment.
- SilasX 6y agoThat's not a difference your original comment depended upon. Obviously, putting someone through the foreclosure process hurts their earning power (stress and lost time), just as repoing their car does. That's not an argument against making loans secured by assets, nor against seizing them when the debt is in arrears, nor against measures that make said repossession easier.