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worn down
Michael Bordenaro
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Comments by "worn down" (@worndown8280) on "0% Mortgages Next NAIL IN THE COFFIN For Housing Market" video.
@lottoCIZZLER I had neighbors who bough a home in 2007. They didnt get thrown out until 2017. They would make a partial payment every 6 months to restart the clock. Its obscene what some folks got a way with. Just so banks didnt have to write off all that bad debt in one go.
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Nah, the lender sells the mortgage. They service the loan though and take a cut of that. They arent even the bag holder. Then the people who bought the mortgage has to sue the bank, which the Federal government wont allow. Its way worse than you think.
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