Never owe just a little, you are stupid if you do.
How exactly do you figure being close to paying off your mortgage is stupid???
> Never owe just a little, you are stupid if you do.
How exactly do you figure being close to paying off your mortgage is stupid???
If you owe $1 on a piece of property you can have it repossessed.
If you own a bank that buys mortgages, you buy the ones with a very low loan to value ratio.
Now you start "losing" the payments, file for liens and start repossession proceedings.
6 -12 months later, multiple legal maneuvering and jurisdictions, you have ram rodded your way into legal ownership.
If you owe $1 on a piece of property you can have it repossessed.
If you own a bank that buys mortgages, you buy the ones with a very low loan to value ratio.
Now you start "losing" the payments, file for liens and start repossession proceedings.
6 -12 months later, multiple legal maneuvering and jurisdictions, you have ram rodded your way into legal ownership.
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