To: Torie
Do you think this will have an effect on housing prices? Maybe people will cut back on the amount they are willing to borrow?
5 posted on
03/08/2005 2:59:18 PM PST by
ikka
To: ikka
No. Mortages are secured debt and typically non recourse to the individual in any event. The lender can look solely to the property for repayment. There are exceptions, but they are of little practical significance for homeowners.
16 posted on
03/08/2005 3:24:34 PM PST by
Torie
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