Awesome! These banks are not dealing with the current economic situation people are facing. They are most likely not going to get the money the guy owed, so why not work with him and allow him to stay there and work out a revised payment plan, even if it is short term. Now they may have the land, but not the house. He still owes, has nothing more to lose, and they now have a piece of property that they dont want.
Awesome! These banks are not dealing with the current economic situation people are facing. They are most likely not going to get the money the guy owed, so why not work with him and allow him to stay there and work out a revised payment plan, even if it is short term. Now they may have the land, but not the house. He still owes, has nothing more to lose, and they now have a piece of property that they dont want.
Who is the smarter person here?