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Amherst WI | I get that they can do it but it still doesn't make sense.
If the occupants are paying $300,000 payments on a $200,000 house and the lender says pay up or get out what do they gain? They get a $200,000 house that they loaned out $300,000 for (minus the down payment, if any and payments since then). The lender will be darn lucky to even get $200,000 if it goes to a sheriff sale.
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