Is thus true about US housing mortgage loans?

sgbuffett

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18-05-2022, 08:40 AM

This is explain by Rauol Pal a fund manager.
If your house price fall below your outstanding loan you can just walk away by letting bank take over the house and bank cannot go after you to recover remaining debt

https://youtu.be/Cl4JwOmK4sA?t=180s

I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.

(This post was last modified: 18-05-2022, 08:41 AM by sgbuffett.)

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Is thus true about US housing mortgage loans? - by sgbuffett - 18-05-2022, 08:40 AM

RE: Is thus true about US housing mortgage loans? - by theold - 18-05-2022, 08:42 AM

RE: Is thus true about US housing mortgage loans? - by singlon - 18-05-2022, 08:49 AM

RE: Is thus true about US housing mortgage loans? - by revealer - 18-05-2022, 09:24 AM

RE: Is thus true about US housing mortgage loans? - by theold - 18-05-2022, 09:59 AM

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