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re: 100K Net Worth

Posted on 7/29/15 at 4:16 pm to
Posted by Korkstand
Member since Nov 2003
28712 posts
Posted on 7/29/15 at 4:16 pm to
quote:

The bank owns the house if you still owe $180k on it.
Uh no. I owe money on my house, but it's mine. I own it. I can sell it and collect the proceeds, the bank can't. The bank owns my debt, not my house. My house is my asset, my debt is the bank's asset.
quote:

Honestly wtf am I reading.
Wondering the same thing.
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