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dickthegrouch

(4,552 posts)

5. Equity should be considered

Reply to Yo_Mama_Been_Loggin (Original post)

Fri Feb 27, 2026, 06:54 PM

Feb 27

If I lost my house after many years of mortgage payments and with significant equity, I might have difficulty paying property taxes after, say a medical issue, or loss of a job. Then I’d be outraged if the house were sold for less than my equity.
Justice is barely served in some of these cases.

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Chemical Bill

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Highlight:

Justices appear dubious of challenge to constitutionality of foreclosure sales [View all] Yo_Mama_Been_Loggin Feb 27 OP

Interesting case and issues. I will say that moniss Feb 27 #1

On the other hand it's still avoidable largely as long as people pay their taxes. cstanleytech Feb 27 #3

We had a case here in MI during the recession. louis-t Feb 27 #4

Seems logical that fair market value is what it actually sells for, not some arbitrary theoretical appraisal MichMan Feb 27 #2

Equity should be considered dickthegrouch Feb 27 #5

I'd borrow against the equity if I was in that situation MichMan Feb 28 #6

If I'd just lost my job and being 50yo finding it hard to get a new one dickthegrouch Mar 1 #8

Michael Pung is apparently not "too big to fail." delisen Mar 1 #7