Why would a bank decline to foreclose ? They can sell it dirt cheap & get something out of it. What happens to a property when a bank declines to foreclose?
On a different thread, you said:
>> This basically means that on a percentage basis the
>> expensive homes lost even more than the cheaper homes
Does this apply to:
1. The expensive homes in middle class neighborhoods like Rancho Bernardo
2. Or, the expensive homes in places like La Jolla & Rancho Santa Fe …
Is it true that, on a percentage basis, La Jolla & RSF fare better than places like Rancho Bernardo in a downturn ?
