And in this one limited circumstance that is better than a landlord who in addition to wanting the rent on time worries about depressed property values and future rental income potential.
The bank wants their mortgage payment on time and in full, and as long as they get it they don't care about anything else.
Usually that’s because they’d make more money from the mortgage payments than from defaulting and taking the house, since there are so many extra costs you need to pay to sell it in the first place.
And in this one limited circumstance that is better than a landlord who in addition to wanting the rent on time worries about depressed property values and future rental income potential.
The bank wants their mortgage payment on time and in full, and as long as they get it they don't care about anything else.
Usually that’s because they’d make more money from the mortgage payments than from defaulting and taking the house, since there are so many extra costs you need to pay to sell it in the first place.