> Is the real answer that they are middlemen who sell the right to foreclose my house to investors?
this is a big part of it, where people’s intuitions go wrong is where the actual dollars come from though. e.g. ” the buyer borrows money from the bank ” where the bank actually gets the dollars.
> Is the real answer that they are middlemen who sell the right to foreclose my house to investors?
this is a big part of it, where people’s intuitions go wrong is where the actual dollars come from though. e.g. ” the buyer borrows money from the bank ” where the bank actually gets the dollars.