[quote=briansd1][quote=bearishgurl] At the time of taping of the segment, he had been “squatting” about 28 mos [/quote]
I don’t agree that Josh has been “squatting”. Ownership of the house is independent from the mortgage, which is a separate agreement between the borrower and lender.
As long as the bank doesn’t foreclose (legally take away the collateral for failure to pay the mortgage) the house still belongs to Josh. He’s living in his own house, not “squatting” in it.[/quote]
Absolutely agree, brian, but this was the term the host (or commentator) used with him and he agreed (with the caveat that he had overpaid on his condo’s *current value*).
Josh’s lender is well aware that he still lives there w/o paying any mtg. and after all this time chose NOT to take any steps to foreclose. What happened there was a “business decision” on both sides, IMO.
