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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (71194)2/22/2011 10:38:54 PM
From: Maurice Winn1 Recommendation  Read Replies (1) | Respond to of 219172
 
Yes, pretending it's worth more than it is might be useful for the bank balance sheet. But if the resident doesn't pay the property tax, I guess like here the debt attaches to the property depleting the bank's share of the residual value.

There might also be legal issues such as properly processing the mortgages so better to sit on it until that's sorted out.

Mqurice


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