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	Name:	GoneFishin -
	Subject:	What do you think?
	Date:	1/26/2010 8:41:12 PM

It is pathetic but I have read about a number of people doing it. Another example which has become a problem for banks are equity loans which were issued on top of a first morgtage. If the homeowner stops paying the equity loan but continues paying the first mortgage, the bank with the equity loan is in deep trouble. If they foreclose, the value of the property will in many cases only cover the first mortgage and the bank holding the equity loan receives zero or very little from a resale.

Other messages in this thread:

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What do you think? - Talullahhound - 1/26/2010 8:30:08 PM

What do you think? - wix - 1/26/2010 8:33:57 PM

What do you think? - GoneFishin - 1/26/2010 8:41:12 PM

What do you think? - Summer Lover - 1/26/2010 8:51:01 PM

What do you think? - lotowner - 1/26/2010 8:56:05 PM

That is the problem - water_watcher - 1/27/2010 6:36:04 AM

Maybe I wasn't clear - Talullahhound - 1/27/2010 7:52:35 AM

Maybe I wasn't clear - MrHodja - 1/27/2010 8:24:14 AM

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