alt Hacker NewsWe have other situations where you can end up owing a debt, you don’t get to foreclose. You go to civil court, get a judgment and then try to collect.
We have other situations where you can end up owing a debt, you don’t get to foreclose. You go to civil court, get a judgment and then try to collect.
Then the risk, delay, effort, and expense of pursuing a now unsecured debt is transferred from one defector to 150 cooperators. Every month of delay increases the loss.