A Alwyn Registered User Messages 244 9 Aug 2011 #1 Sorry if this question sounds stupid or nieve but I'm genuinely interested in hearing the answer. If more people lose their jobs; subsequently sign on; can't afford to pay their mortgage but pay a token payment each month; what happens? Does the bank in time repossess? Will there be hundreds of thousands of people homeless? Will the debt follow them?
Sorry if this question sounds stupid or nieve but I'm genuinely interested in hearing the answer. If more people lose their jobs; subsequently sign on; can't afford to pay their mortgage but pay a token payment each month; what happens? Does the bank in time repossess? Will there be hundreds of thousands of people homeless? Will the debt follow them?