Foreclosure in Mattapan>Question Details

Lovgal, Other/Just Looking in Mattapan, MA

why thy foreclosure a house.?

Asked by Lovgal, Mattapan, MA Tue May 5, 2009

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I guess a good way to think about why banks foreclose would be to imagine your a businessman or woman, a producer of goods and one of your main objectives is to grow your business. You do so by generating profits. Imagine now that some of your customers order goods from you but never make payments. You can survive for a time provided that the majority of your customers make payments on time and their timely payments guarantee you a good margin. However, if this trend continues you will definitely find yourself on the edge. Being on the edge is not the place to be for a long time as one misstep may find you in the deep abyss.

For more information please feel free to contact me. Thanks

Jason Hargrove,Realtor
Success! Real Estate and Mortgages
Office: 781-848-9064 Direct Cell: 508-527-3523
Fax1: 781-848-9975 Fax2: 508-584-7161 /
0 votes Thank Flag Link Sat Sep 12, 2009
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