Re; “Hell, the banks are still refusing to foreclose on homes that people haven’t been paying on for years, because they don’t want the losses to hit the books. “ Is this hyperbole or is it really true and how widespread might it be? Thoughts?
#16 My sister lived in her home for 3 years from 2005 to 2008 after she lost her job and never paid the mortgage.
The mortgage went thru 5 banks before the last one, Wells Fargo, sold the house.