955
How could this happen? (media.piefed.world)
submitted 5 months ago by The_Picard_Maneuver@piefed.world to c/whitepeopletwitter@sh.itjust.works
157 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[-] PriorityMotif@lemmy.world 8 points 5 months ago

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.

[-] Tar_alcaran@sh.itjust.works 11 points 5 months ago

But on auction, the bid is usually FAR below the normal asking price.

this post was submitted on 18 Aug 2025
955 points (99.4% liked)

People Twitter

8972 readers
1495 users here now

People tweeting stuff. We allow tweets from anyone.

RULES:

  1. Mark NSFW content.
  2. No doxxing people.
  3. Must be a pic of the tweet or similar. No direct links to the tweet.
  4. No bullying or international politcs
  5. Be excellent to each other.
  6. Provide an archived link to the tweet (or similar) being shown if it's a major figure or a politician. Archive.is the best way.

founded 2 years ago
MODERATORS
SendMeYourTaTas@sh.itjust.works
pelespirit@sh.itjust.works