If the banks collapse, what happens to all the houses?

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If the banks collapse, what happens to all the houses?
RED SHOES Offer Upgrade User ID: 1522237 United States 08/26/2011 06:42 PM Report Abusive Post Report Copyright Violation	If the banks collapse, what happens to all the houses? Just asking, really dont know.

Anonymous Coward User ID: 1393840 United States 08/26/2011 06:44 PM Report Abusive Post Report Copyright Violation	Re: If the banks collapse, what happens to all the houses? Nothing happens to the houses because they can't police them all and throw everyone out.
Sedi User ID: 1297572 United States 08/26/2011 06:44 PM Report Abusive Post Report Copyright Violation	Re: If the banks collapse, what happens to all the houses? Everything would be transferred to Freddie and Fannie i'm assuming. Gov't sponsored so they won't be allowed to fail.
Anonymous Coward User ID: 1522241 United Kingdom 08/26/2011 06:44 PM Report Abusive Post Report Copyright Violation	Re: If the banks collapse, what happens to all the houses? Nothing. Eveyone gets to live in their homes without being burdened by 1000 per month in mortgage repayments. Heaven

Sol-Magmatard 26 User ID: 1463643 United States 08/26/2011 06:46 PM Report Abusive Post Report Copyright Violation	Re: If the banks collapse, what happens to all the houses? typically all the remaining mortgages the bank had are sold off to the highest bidder leaving you with a new mortgage holder, which may include new terms of which you have no say over. formerly Magmatard 26
Anonymous Coward User ID: 1486047 08/26/2011 06:47 PM Report Abusive Post Report Copyright Violation	Re: If the banks collapse, what happens to all the houses? They are going to be used for targeting practice by NATO.
RED SHOES (OP) User ID: 1522237 United States 08/26/2011 06:47 PM Report Abusive Post Report Copyright Violation	Re: If the banks collapse, what happens to all the houses? Grateful for your answers.

Anonymous Coward User ID: 1195205 United States 08/26/2011 06:48 PM Report Abusive Post Report Copyright Violation	Re: If the banks collapse, what happens to all the houses? If the banks collapse.. houses wont matter, because DOOM will have already taken over the USA.
amplified2 User ID: 1504398 United States 08/26/2011 06:49 PM Report Abusive Post Report Copyright Violation	Re: If the banks collapse, what happens to all the houses? it wouldn't be your house but you would be allowed to stay there...assuming your whole neighborhood is racially diverse, if not that would not be fair and we should bus out inner city familiies.... -sarcasm- ...(sort of) I know a thing or two, because I've seen a thing or two.
RED SHOES (OP) User ID: 1522237 United States 08/26/2011 06:49 PM Report Abusive Post Report Copyright Violation	Re: If the banks collapse, what happens to all the houses? typically all the remaining mortgages the bank had are sold off to the highest bidder leaving you with a new mortgage holder, which may include new terms of which you have no say over. Quoting: Sol-Magmatard 26 If there are not more banks, then I must assume investors of sorts. Private investors, that either have heart or not heart and can hold your mortgage. If there are no banks, would everyone still have jobs?
Sedi User ID: 1297572 United States 08/26/2011 06:50 PM Report Abusive Post Report Copyright Violation	Re: If the banks collapse, what happens to all the houses? If the banks collapse.. houses wont matter, because DOOM will have already taken over the USA. Quoting: *ClappaGuy* True Clappa, if they fail, shit is real and paying bills won't be on anybodies mind.
RED SHOES (OP) User ID: 1522237 United States 08/26/2011 06:57 PM Report Abusive Post Report Copyright Violation	Re: If the banks collapse, what happens to all the houses? We could barter for a house. How many tomatoes to buy a house?
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