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  1. freedomwon

    PLEASE ONLY POST - Articles, Official Letters, Testimony, Rules and Regs. Moe - perhaps a Sticky is

    The short answer is because banks have a loss share agreement in place that GUARANTEES them to collect 80% of the loss when the property is sold. Tax payer money funds this. Here's a video that uses one bank as an example but most banks have this agreement in place with the treasury. Does...
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