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If the loans are no longer secured, then is there any reason to pay? Can payment be forced in any way? If the bank repossessed my house, for example, I would n
by hamandcheese 3y ago
If the loans are no longer secured, then is there any reason to pay? Can payment be forced in any way?
If the bank repossessed my house, for example, I would not continue paying my mortgage.
- LargeWu 3y agoThe loans will be sold off, and they will have to pay whoever buys them.
- StanislavPetrov 3y ago>If the loans are no longer secured, then is there any reason to pay? The same reason there is to pay any debt. Damaged credit, judgements, seizure of assets.