That's a lot of baloney -- because even if I am not the "owner" of the property, I still may have rights to recompense, financial remuneration, etc. depending on the disposition of the property by the "real" owner. If I default on a mortgage with an outstanding balance of $30,000 and the property is worth ten times that amount, then who is actually the owner of the property and what rights do I have as a so-called "squatter?"
“That’s a lot of baloney — because even if I am not the “owner” of the property, I still may have rights to recompense, financial remuneration, etc. depending on the disposition of the property by the “real” owner. If I default on a mortgage with an outstanding balance of $30,000 and the property is worth ten times that amount, then who is actually the owner of the property and what rights do I have as a so-called “squatter?” “
If there is an excess after a foreclosure sale, it will be refunded to you under law. Why wouldn’t it?
But you don’t own the property if you don’t pay the mortgage. Do we at least agree on this small but important point?