[lbo-talk] Another ignorant question on my part

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Mon Dec 13 17:36:59 PST 2004



> Let's say I default on a mortgage and the bank takes the
> property, and after they sell the property, they only get
> half of what I owe them. What happens to the other half of
> the debt?

They write it off, probably. $0.50 is better than nothing.



More information about the lbo-talk mailing list