this post was submitted on 18 Aug 2025
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How could this happen? (media.piefed.world)
submitted 17 hours ago by The_Picard_Maneuver@piefed.world to c/whitepeopletwitter@sh.itjust.works
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[โ€“] DeathByBigSad@sh.itjust.works 3 points 11 hours ago (1 children)

But the bank can take the house as collateral, what are they even losing?

[โ€“] scytale@piefed.zip 5 points 10 hours ago* (last edited 9 hours ago)

Probably much easier to have someone reliably pay than to have to go through all the processes of defaulting, repossessing, renovating/repairing, and reselling.