On 9/19/05, Shane Hathaway <[EMAIL PROTECTED]> wrote: > More likely, bankrupt home owner A (who owes $100k) could sell the home > for $250k to a third party, paying off the loan and still having $150k > to move into a smaller home with zero debt. Bankrupt home owner B would > have no way to buy a new house.
Assuming someone is willing to buy the house. If we were in a depression, moving a 250k is not going to be easy. The bank can hold it until better times arrive and then sell. /* PLUG: http://plug.org, #utah on irc.freenode.net Unsubscribe: http://plug.org/mailman/options/plug Don't fear the penguin. */
