Those with money and the time to look and invest .True it was only an example
So the bank must sell a house valued at 10mil for only 42k and loose millions
And who gets the privilege of buying such a deal?
Just random people?
Join For His Glory for a discussion on how
https://christianforums.net/threads/a-vessel-of-honor.110278/
https://christianforums.net/threads/psalm-70-1-save-me-o-god-lord-help-me-now.108509/
Read through the following study by Tenchi for more on this topic
https://christianforums.net/threads/without-the-holy-spirit-we-can-do-nothing.109419/
Join Sola Scriptura for a discussion on the subject
https://christianforums.net/threads/anointed-preaching-teaching.109331/#post-1912042
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Those with money and the time to look and invest .True it was only an example
So the bank must sell a house valued at 10mil for only 42k and loose millions
And who gets the privilege of buying such a deal?
Just random people?
Those with money and the time to look and invest .
States might vary on this and also brother has his foreclosed and neighbors and lookimg at tax records that's why I say that .neighbors houses are bigger then mineI read the article but there was nothing about the bank having to sell for only 42k
In fact a part of it said this...
"The biggest lure of buying a foreclosure is the potential savings you get compared with buying a similar nondistressed property.
"It can be like a 15 percent discount on your neighboring houses," Reiss says. "So, it can be significant."
But Mendenhall says how much you will save depends on the local real estate market and the stage of foreclosure of the property."
Im confused. Say the bank was limited to selling a house for 42k.
There would be multiple interested buyers so how would they decide which investor to sell it to?
Going after savings ,can't do that even with a bankruptcyI think it may be different in Australia. This article says...
"So for example, if a borrower’s property is repossessed and they owe $500,000, and the lender sells the house for $550,000 the lender is repaid $500,000 while the borrower receives the remaining $50,000.
However, if the house were to sell for $450,000 the borrower would still be liable for $50,000 so the lender can get its $500,000 back."
Read this article and get back to me about it pls
The sale of repossessed homes in Australia
Besides that, banks are not in the business of real estate. They have enough to do without adding the burden of trying to sell homes in a depressed market and the more they have to foreclose on, the more houses are added to the market, the more depressed the market becomes, and the lower the value of the homes get.Besides most are in bad shape when they foreclose and the bank wouldn't after fixing it and keeping insurance on it ,make much.abandoned and derelict lots are a favorite subject of photos .
If Jason still owes $100K and the house has a mortgage value of $142K, the bank loses the first $100K on the foreclosure so now there is only $42K left in value. Of course, it is likely Jason would not be the only one going into default so that would mean a lot more houses coming into the market and that lowers the values.Why couldn't they sell that house for over 42k?
It might just be airborne at that. I believe the virus is much more transmissible than the government/media let on.
Let listen to some good music
"Let them eat cake" is a policy that will come back to haunt them.
Summit News said:...in the three month period when coronavirus was raging across China, 759,493 people entered the U.S. from China.
759 000??