Detailed text transcripts for TV channel - FOXNEWS - 20120707:22:34:00
When they default, they will simply lose that house completely and that asset goes back to that bank that took the original risk. >> eric: they lose everything? >> they lose everything. realize what they're really getting is expensive money. so they're getting dollars, but there is so much in fee, 10, 15, 20,000 is the norm. so you're paying this expensive dollars. you're getting the money. then if you don' maintain the property, if you don't keep your payments up, you very easily can default and they get the house, which is what they ultimately want. >> eric: there are benefits. what are some...
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