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Re:I Can Be the Bank: Individual Investors Buy Busted Mortgages by alwaysreading on Wednesday November 21, 2018 @10:45PM (#18507733)
The thing I'm most confused about the whole article is how did some homeowners go years (a decade?) living in their home without paying a mortgage and not get evicted? The article implies this is happening but I didn't realize any lender allowed that amount of time to pass.
Re:I Can Be the Bank: Individual Investors Buy Busted Mortgages by tempestn on Thursday November 22, 2018 @01:39AM (#18508300)
I assume the properties were so devalued that it literally wasn't worth the bank's time to foreclose and try to sell, nor to keep hassling the non-paying borrower.