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Royboy39 · 03-03-2009, 23:04

This is a question that has been asked many times but remains unanswered.

The blame has been put on the US banks for the downfall of many economies in the world and the global downturn.

If a mortgage is granted a charge is laid on the property.
Bricks and mortar are supposed to be the foundation of all we believe in.
A mans home is his castle.
If a house is repossed for any reason it is my understanding that the house be sold to pecoup the loss to the lender.

Where has the money gone?

03-03-2009, 23:04	#1
Royboy39 God Member Join Date: May 2007 Location: Back in Lancashire Posts: 3,558 Liked: 7 times Rep Power: 0	Where has the money gone? This is a question that has been asked many times but remains unanswered. The blame has been put on the US banks for the downfall of many economies in the world and the global downturn. If a mortgage is granted a charge is laid on the property. Bricks and mortar are supposed to be the foundation of all we believe in. A mans home is his castle. If a house is repossed for any reason it is my understanding that the house be sold to pecoup the loss to the lender. Where has the money gone? __________________ Supporting Barcelona 2012/2013 Blackburn Rovers Supporter Since 1950