Re: Honey, I Blew Up the Mortgage!

James Arthur <bogusabdsqy@xxxxxxxxxxx> wrote:


That should not cause any problems for the buyers--if they
got a good house for an affordable payment, what's changed?
If the paper value is different today, so what? If you bought
a pair of socks last week, and now see them on sale, how does
that hurt you?

Well, there could be a problem. At least, over here you would have a
problem. A house represents a pawn to secure the loan. If the value of
the house drops, then the loan isn't covered enough. This may cause
the bank to require the home owners to reduce the loan.

--
Programmeren in Almere?
E-mail naar nico@nctdevpuntnl (punt=.)
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