But look at the details of your loan. It is sold to someone else at a discount. How much of a discount? That's the question.

If the discount is high enough, it would be in their best interest to foreclose on you for the slightest breach of your contract. Yes, that is their right, but people tend to think that without equity, they are safe from foreclosure. Not if someone gets a bargain on your loan; then they win either way, whether you pay it back or not.

You can also be assured that you won't get the chance to buy your own loan at a discount. You're not one of the "old boys" who get to bid. You're going to pay full price. Somebody else makes out very well.