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packerfanbud

05/26/11 4:12 PM

#19300 RE: stluc #19299

ok, then explain how so many people can buy a house with no money down and no money in the bank? Outside of all the corruption in the process is the assumption that the bank can simply resell the assets. In this case the money would close the deal on oil assets. If BRZL defaulted on the loan the bank is now in the oil business.
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TexasTea666

05/26/11 4:15 PM

#19301 RE: stluc #19299

$22 bucks ?

Your joking right?
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DJ Penny $tox

05/26/11 4:30 PM

#19303 RE: stluc #19299

They don't base loans on how much money you currently have. They base it on how likely it is you will be able to timely pay them back. If they see an impending r/m with a private company with significant assets, I think there won't be a problem.
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forextrendcenter

05/26/11 4:47 PM

#19307 RE: stluc #19299

yep