4 ms·
> Mortgage companies are ruthless but not in the business of turfing out families that legitimately cannot afford their repayments. Isn't that exactly the busi
by octoberfranklin 4y ago
> Mortgage companies are ruthless but not in the business of turfing out families that legitimately cannot afford their repayments.
Isn't that exactly the business they are in? In any country.
I mean that's sort of what a mortgage is. If you legitimately cannot ever afford to repay it, well... you will lose the house. That's sort of what the deal is, right?
- parkingrift 4y agoEventually, sure. I can’t speak to the UK, but in New York a foreclosure takes at least 8-15 months. You must first fall significantly behind on your payments, then a 90 day intent to foreclose notice, and then the actual foreclosure process. Maybe things are significantly faster in the UK? Seems unlikely that the UK government would allow mass evictions over this coming winter.