3 ms·
In most countries, if they stop on their mortgage, the bank can come after all their assets to recoup. Not just the non-built house.
by rdsubhas 3y ago
In most countries, if they stop on their mortgage, the bank can come after all their assets to recoup. Not just the non-built house.
- seanmcdirmid 3y agoIn most countries, you aren’t able to even get a mortgage on a house the bank can’t put a lien on. The banks are actually complicit here, but they are mostly state owned, so the government will manage fall out here in the direction away from social unrest.