I have seen several of these foreclosed homes in my area; all trashed and their worth decreased to less than half their value. It is disgusting that trash type borrowers were approved for mortgages.
To: Raisincane
If you think the borrowers are “trash” I plead with you to look at the youtube video I posted and come back and tell me who the real trash is here.
These pretender/lenders hoped these loans would never be paid. A non-performing loan is much more valuable to them. If you watch the video you will see why.
What about Morgan Stanley?