Posted 2/11/2019 22:33 (#7315104 - in reply to #7314744) Subject: RE: Investments for 26 year old
Boone & Crockett - 2/11/2019 20:20
I typed out a reply to your last sentence and decided I’d best just keep it to myself, so I deleted it. Prolly would have been enough to get me tossed from the site.
I thought I have heard of people who were able to continue making payments but the banks called their loans anyway. I assume you are referencing such situations?
If someone does buy land and if it drops to 1/3 or 1/4 of its value after they buy it and they cannot afford to make the payments anymore, I would think that saying they could not afford it is probably true.
But if they can make the payments, although the bank is technically within the contractual agreement, it is quite unfortunate to get the loan called at that point.