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How could this happen? (media.piefed.world)
submitted 6 days ago by The_Picard_Maneuver@piefed.world to c/whitepeopletwitter@sh.itjust.works
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[-] DeathByBigSad@sh.itjust.works 3 points 6 days ago

But the bank can take the house as collateral, what are they even losing?

[-] scytale@piefed.zip 7 points 6 days ago* (last edited 6 days ago)

Probably much easier to have someone reliably pay than to have to go through all the processes of defaulting, repossessing, renovating/repairing, and reselling.

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

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