To: ColdWater
Right — but depending on what was actually put up as the collateral for the loan, any decline in the value of the land is the bank’s problem, not his.
63 posted on
02/19/2010 11:12:29 AM PST by
Alberta's Child
(God is great, beer is good . . . and people are crazy.)
To: Alberta's Child
It is still his problem. He owes any monies in excess of the value of the collateral.
65 posted on
02/19/2010 11:14:01 AM PST by
ColdWater
("The theory of evolution really has no bearing on what I'm trying to accomplish with FR anyway. ")
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