If there was actual equity in the collateral the bank would have recouped more than the amount of the loan and then I think they would be obligated to return that money to the borrower. But when the sale price wont cover the loan, there isnt any equity in the property, they are upside down.
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Today's Featured Article - Hydraulic Basics - Part 2 - by Curtis Von Fange. In the last entry to this series we gave a brief overview of hydraulic system theory, its basic components and how it works. Now lets take a look at some general maintenance tips that will keep our system operating to its fullest potential. The two biggest enemies to a hydraulic system are dirt and water. Dirt can score the insides of cylinders, spool valves and pumps. Wate
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