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Unless you're backpaid enough so that they take equity in a penalty. And now you're homeless and with your equity you cannot acquire capital. Your credit is al

Unless you're backpaid enough so that they take equity in a penalty. And now you're homeless and with your equity you cannot acquire capital. Your credit is also tanked due to the default... Remember, most people do not own multiple houses and having no stable address can really mess you up legally even.

edmundsauto 2y ago
What would be different in this situation if the person were renting? Usually costs are similar per month for comparable places. I guess the down payment is a difference? But if you’re that far in arrears on rent you’re really still bad off… I don’t feel convinced that having a mortgage debt is that much worse than not having one, if you lose your job and war and other bad things.