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re: Borrowers stopped paying mortgage in June '07. Bank didn't foreclose until May '23
Posted on 10/5/23 at 4:58 pm to stout
Posted on 10/5/23 at 4:58 pm to stout
So, I could buy a home in Louisiana for say, $350,000 and pay $35,000 down, then not make payments for 7 years, collect $2500 a month in rents for a total of $210,000 less $35,000 in taxes and insurance, so walk away with a net of $140k?
What a deal!
What a deal!
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