posted on Oct, 7 2010 @ 04:46 PM
Originally posted by paraphi
Originally posted by loves a conspiricy
Are prices dropping again so the banks can now steal all of our properties?
How does dropping house prices lead to Banks stealing people's houses? Your logic does not flow. House prices go up and down and there is no
evidence to suggest this blip is the start of a general fall in prices.
Try not to panic.
Banks lent the money....if the banks decide that they cant take the risk anymore as the prices have dropped into negative equity...the bank can...and
probably will call in the debt. As the people wont have the cash for the house...the banks will reposses them as they are the banks property until you
have paid off the debt
One of my dads mates lost millions through this
He was a landlord with many properties.....he borrowed all the money from Barclays, they decided
that prices were dropping and called in the debts, he lost the properties and the money paid to the bank.