how do forclosures impact the banks? - Early Retirement & Financial Independence Community

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how do forclosures impact the banks?

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how do forclosures impact the banks?

03-01-2007, 08:01 PM	#1
newyorklady Recycles dryer sheets Join Date: Apr 2006 Posts: 199	sorry for being such an idiot, but was thinking with the impending real estate crisis, how would this affect the lenders? if people default on their mortgages what is the impact on the banks? would this be good for them bc then they can repossess?

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