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Old 18.06.2019, 17:16
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Re: investing in real estate vs buying property

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You are incorrect, Banks do foreclose especially in a falling market to reduce their losses. They have to increase tier 1 capital depending of the 'status' & quality of their loan book or they could get closed down by the regulator. If a payment is late or at loan renegotiating a Bank can recall the loan, thats in 5 years time if you took out a 5 year fix.
what he said I know a guy where the bank called in their loan just a couple of months ago, never missed a payment, personal circumstances haven't changed etc etc he tried to fight them and just lost.
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