Quote:
Originally Posted by xenigo
More like anything that was mortgaged should stay with the financed property. 
If you rolled it into the mortgage... you don't fucking own it. The bank does. |
not sure though why you care about the banks losses, especially considering you profit from homeowners doing this ? When the banks start begging in the streets for cash , then we can worry about banks losing a tiny percentage of their overall win.
if bank loans you 500k for house and you are in 50k and foreclose and take some carpet , appliances and ding the walls, the bank makes 45k instead of 50k. Doubt they are losing any sleep over the small loss of profit.