To understand home foreclosures, you need to understand how bank mortgages are structured. Once you do, it will be easier to see how I view the problem of dealing with losing a home because you will see there is no "bank", there is only a conduit through which depositors - waitresses, business owners, factory workers, teachers, doctors, lawyers, and accountants - lend their money to try to combat inflation. Imagine that on Monday, your friend asks to borrow $50 from you. You agree, on the … [Read more...]
I'm a private investor who loves architecture, furniture, clothes, history, philosophy, books, cooking, and music as much as I do finance. 
