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All of them seem to view the repossession as the worst thing that could possibly happen. Though if the repossession covers the remainder of the loan it's reall
by throwawayffffas 11mo ago
All of them seem to view the repossession as the worst thing that could possibly happen.
Though if the repossession covers the remainder of the loan it's really not, they are going to be free of debt again.
Their credit score is going to take a hit which will make renting harder, but not impossible.
The first guy for example couldn't possibly hope to get a better outcome. He is no longer paying a mortgage on his ex-wife's house.
- thaumasiotes 11mo agoWhat are you talking about? The better outcome that he should have gotten is that he sells the house, covers the mortgage, gives up half the profit to his estranged wife, and still has forty thousand pounds left over.
- throwawayffffas 11mo agoFor that to happen his estranged wife would have to agree, since she did not the best outcome, is the house gets repossessed covers the mortgage and he can go on with his life.