What happen’s to home mortgages during a depression ? who collects, who evicts ?
January 03rd, 2010
Al asked:
I’m guessing the government takes over, but do they make millions and millions of people homeless when they call their loans and there is no way to repay ? I’m just imagining empty homes and people living in the streets, would it be less dramatic then that?
Celia
I’m guessing the government takes over, but do they make millions and millions of people homeless when they call their loans and there is no way to repay ? I’m just imagining empty homes and people living in the streets, would it be less dramatic then that?
Celia
Sp100
January 6, 2010
My opinion it does not happen fast the lender will end up on and evict them if the debt.
Landlord
January 8, 2010
The sheriff does the sheriff does the banks the money they lost their homes by refusing to repay the evicting it is not be millions of people dafaulted on loans they made the government is taking over the choice themselves.