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Re: real estate loan question

I understand that.

On Sat, Aug 27, 2005 at 12:55:11AM -0400, Doug Henwood wrote:
> Michael Perelman wrote:
>
> >I was wondering who was holding the bag if the value of the
> >house is less than the outstanding loan.
>
> That's not a prob as long as the house-buyers keep servicing their loans.
>
> Doug

--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu
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