Yes of course it is distressing for those concerned when they lose their home to repossession, but the lender who repossesses isn't MAKING money out of it, just recovering the money they loaned (and which in turn was loaned to them, and they pay interest to the actual owners of it).
With the current housing market, lenders who repossess property are often losing quite a lot of money, but by repossessing they hope to lose LESS!
With the current housing market, lenders who repossess property are often losing quite a lot of money, but by repossessing they hope to lose LESS!
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