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Re: pantherj post# 44120

Tuesday, 05/17/2016 11:11:16 AM

Tuesday, May 17, 2016 11:11:16 AM

Post# of 85656
Hmmmm, I think Miami State would say this was not a mortgage loan and is not relevant. considerably different than a private commercial loan and the laws surrounding it are different...but lets try this:

1. Bank lends you money to buy a unique house....so you buy.
2. Bank proceeds to get you fired from your job, then takes away all assets (including virtual), so you have no ability to repay.
3. Bank calls in the note (and in this case, no note was provided by the BB's)
4. Bank copies the unique house and goes and gets it patented, so your house isn't unique anymore

As you'll note, this is even hard to make relevant....but in principle...the same (at least attempted).

Again, private commercial loan not relevant. Mixing apples and....submarines..lol