Recent Comments:
Comedian Chris Tucker Facing Foreclosure on Florida Manse {AOL Real Estate}
Oct 14th 2011 2:32PM You posters are lost. The reason a Bank would "go after" repayment is that THE BANK GAVE HIM $6,000,000.00 (minus his downpayment) OF THE BANK'S MONEY!!!!!!!!!!!! IF YOU LOANED A FRIEND YOUR OWN MONEY, WOULD IT BE OK FOR THE FRIEND TO PAY YOU BACK ONLY 25% SUCH THAT YOU LOSE 75% OF YOUR MONEY JUST BECAUSE YOU WERE NICE ENOUGH TO MAKE THE LOAN????????????!!!!!!! He took the money and should pay it back. Banks cannot stay in business by giving money away, just as you could not do so. Furthermore, the article does not make it clear whether or not the Bank will stop at the property sales proceeds or will also seek a deficiency judgment for the amount of the shortfall between the amount owed and the sales proceeds. Many states have special anti-deficiency protections which apply under specified circumstances. Next time you want some banking privileges, just remember your "Evil Bank" comments posted. Btw, I do not work for any bank or other financial institution.
Gore Vidal Lists His Hollywood Hills Home {Luxist}
Jan 21st 2011 6:59PM $940k
