I understand the difference. Are you understanding my point about the practical similarities? If they "own" 97% of a property as first in lien it's essentially the same thing as buying and renting. The mortgage holder can walk away and then it goes to short sale this the risk profile for lenders of bullish
I understand the difference. Are you understanding my point about the practical similarities? If they "own" 97% of a property as first in lien it's essentially the same thing as buying and renting. The mortgage holder can walk away and then it goes to short sale this the risk profile for lenders of bullish