I was thinking about this, if you can't be bothered to sell your house or it won't sell, what happens if you just stop paying the mortgage? Will the lender come after you for payments forever, or will they eventually repossess the house and draw a line under it? When they repossess, what happens if the house is worth more or less than the outstanding debt?
Cue self-righteous brigade chanting 'pay your debts'... but this is a theoretical question only.
Cue self-righteous brigade chanting 'pay your debts'... but this is a theoretical question only.
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