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(14,549 posts)

2. why do they call it "ownership" 30 years before you own it ?

Tue Oct 28, 2014, 07:55 PM

Oct 2014

The bank owns it, not you. You just pay taxes and upkeep and interest. Miss two payments and you'll see who owns it.

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U.S. Homeownership Rate Falls to Lowest Since Early 1995 [View all] Purveyor Oct 2014 OP

why do they call it "ownership" 30 years before you own it ? KurtNYC Oct 2014 #2