Snakend

Snakend t1_jee4ke4 wrote

The bank doesn't get to keep the extra 50k profit. They have to give it to you. So they don't care if there is any profit at all. They just want to clear the loan and be done with it. Why wouldn't you sell the house before they foreclosed? The only reason to ever let the house go back to the bank is if you can't make payments AND you are upside down on the house.

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