Quote:
Originally Posted by 2BNTV
I wonder what percentage of the buyers, have a mortgage?
Until the mortgage is fully paid, the bank technically owns the home!
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That is an interesting question. I bet those that rent year after year have mortgages on their homes. I also would think those that still havent sold their old homes but bought first might have a mortgage.
And "technically" the bank does not own the house. They have a mortgage secured by the equity in the house.