3 ms·
It's in the best interest of a bank not to repossess because there are operational expenses and the bank will get more return if the loan goes to completion.
by larrydag 5y ago
It's in the best interest of a bank not to repossess because there are operational expenses and the bank will get more return if the loan goes to completion.
- eof 5y agounless the collateral appreciates past some threshold of expectation
- vkou 5y agoAren't you on the hook for those operational expenses? The bank only loses if you default early in your loan, and the price of the collateral collapses.
- ls612 5y agoThe way this is set up if the first happens the second was likely the cause.