Re:Americans Are Dying with an Average of $62K of Debt
by drewrv on Thursday March 23, 2017 @07:05PM
(#13945153)
Do you think maybe grieving families have different priorities than selling off assets right away? Or maybe they're trying to sort out among themselves who is in charge of making payments? Or maybe they can't afford payments because the breadwinner passed away?
I'm not trying to judge what you do or what situations you're a part of, but it doesn't sound much different than the "vultures on the court house steps" to me.
Re:Americans Are Dying with an Average of $62K of Debt
by toomuchtodo on Thursday March 23, 2017 @07:58PM
(#13945462)
Foreclosure takes 1+ year in my state. I consider myself an acquirer of abandoned property at that point, and again, I don't pursue acquiring the property if there is a family attempting to live there (as you say, after he breadwinner has passed).
I can't tell you how often someone's heirs either didn't know or didn't care enough to take care of what was required to keep the mortgage in good standing to sell the property and get the equity out.