Your right. All these banks are going to spend millions more (that they don’t have) on expensive “judicial foreclosures” to try to get judgments against 90% of people who are foreclosing.
Then after this expensive pursuit, they get the judgment against a person who a) can’t pay the judgment b)will most likely Bk out of the judgment.
Kewp, don’t kid yourself. Go read the RE laws online about the process taken by a bank to have to get one of these judgments….it’s all about the money for these banks….it costs too much versus trustee sale….too risky….
I know you don’t like to hear this but it’s the way the cookie crumbles….
