[Godfollow]

Well, we certainly don't know all the facts... and I will not put up an argument on an issue such as this, except to say that the house was auctioned for $70,000... I can't imagine a house worth $250,000 being auctioned off for 70.

Seems a shame to loose anything for 120 bucks. I run a business, and I excercise grace toward my customers both in the time they pay and in the amount, and we have forgiven debt. My bottom line is none the worse.

[wardaddy]

You and me both. I own self storage and parking facilities.

My serious delinquency runs about 5%....I could cut that to maybe 3% if I was a hardass.

I have 25/month late fees. Somebody is 6 months late and owes 6 lates...maybe they pay 3 of them depending.

If they are nasty. I'm nasty.

I do think there is more to this than the writer is telling.

[Lurking Libertarian]

except to say that the house was auctioned for $70,000... I can't imagine a house worth $250,000 being auctioned off for 70.

Houses sold at foreclosure sales (any kind of foreclosure) routinely sell at deep discount, because the buyer knows to expect years of expensive litigation before they take possession.