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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: bobby is sleepless in seattle who wrote (8262)	1/20/2003 6:03:05 PM
From: MSI	Respond to of 306849

In practice, it sounds like the same, except cheaper to force out the buyers in one case, than the other. The result is still "out you go", whether for unpaid taxes or unpaid mortgage loan. Which is a hard lesson if young buyers get overleveraged. Otherwise, the interest rates for the loans would be much different. (However, I disagree with the level of usurious interest charged by gov't taxing authorities -- i'ts greater than bank's regulated fees, in spite of the obviously greater powers of confiscation. That deserves a substantial lawsuit, imo.)