this post was submitted on 13 Jul 2023
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Canada

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[–] [email protected] 1 points 1 year ago (6 children)

Lol, when someone doesn't have the money to pay the mortgage and realizes they are in way over their heads and file for bankruptcy, that's a no recourse mortgage right there. What's the bank going to do? Make you extend your mortgage for 70 yrs?

[–] [email protected] 1 points 1 year ago* (last edited 1 year ago) (5 children)
  1. Bankruptcy is not free of recourse.
  2. You may not even be granted bankruptcy.
  3. You're not just saying "fuck it" when you find yourself in a position where bankruptcy is on the table.

--

There are are jurisdictions with no recourse mortgages. There you really can just say "fuck it", hand in your keys, and walk away. But Canada is not one of them.

Is it that you are not Canadian or is it that you focus your attention on US media and have forgotten that Canada is a different country?

[–] [email protected] 0 points 1 year ago (3 children)

fmhy.ml user, so... most likely the former.

[–] [email protected] 3 points 1 year ago (1 children)

Instance shaming now? Hilarious.

Canadian for my entire life last time I checked.

Curious how you came to that conclusion based on a comment and instance?

[–] [email protected] 1 points 1 year ago (1 children)

track record from instances is poor

lots of tankies that just so happen to be whatever nationality that want to be

[–] [email protected] 1 points 1 year ago

Lol. Want my fucking address?

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