Updated over 14 years ago on . Most recent reply
Estates & Foreclosures
Why would an estate choose to let a property go into foreclosure without pulling the property out or attempting to sell prior to foreclosing???
Most Popular Reply
Its a economic decision. If you were faced with inheriting Mom & Dads bad debt, would you take it? People around the country are letting there homes go back to the bank. Its a lot easier when there are no illusions of ownership to begin with...
So yes, depending the the valuation I would say that it is very common.