The Picard Maneuver@piefed.world to People Twitter@sh.itjust.worksEnglish · 4 个月前How could this happen? media.piefed.worldimagemessage-square158fedilinkarrow-up1964
arrow-up1964imageHow could this happen? media.piefed.worldThe Picard Maneuver@piefed.world to People Twitter@sh.itjust.worksEnglish · 4 个月前message-square158fedilink
minus-squarePriorityMotif@lemmy.worldlinkfedilinkarrow-up8·4 个月前They only get to force the sale of the house to recoup their loan, you get to keep the extra from the sale. House sells for $300k, you owed $250k you walk away with $50k and the bank gets their money back.
minus-squareTar_Alcaran@sh.itjust.workslinkfedilinkarrow-up11·4 个月前But on auction, the bid is usually FAR below the normal asking price.
They only get to force the sale of the house to recoup their loan, you get to keep the extra from the sale. House sells for $300k, you owed $250k you walk away with $50k and the bank gets their money back.
But on auction, the bid is usually FAR below the normal asking price.