When I was younger I worked at a bank (regional office doing loan verification of all things) 2009 ish and I can tell you banks can be and are often stupid, foreclosures are not good or wanted, but most of all the incentives for individuals don’t line up with the banks overall best interest.
Sounds like the crazy lending during the sub prime boom. Not saying you are a bad bet but that seems like a crazy risk.
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When I was younger I worked at a bank (regional office doing loan verification of all things) 2009 ish and I can tell you banks can be and are often stupid, foreclosures are not good or wanted, but most of all the incentives for individuals don’t line up with the banks overall best interest.