Is financing feasible? Finished house for the money?

Z, what are you rhyming and thinking up there, almost nothing fits, so long

Since publicly readable. Google "Die Bausparkassen kämpfen ums Überleben". It is an article in the FAZ mid-November 2016.

That, for example, on the topic of efficiencies

In addition, the building societies reduced their costs. Schwäbisch Hall wants to save 15 percent of personnel and material costs. Of the 7000 employees, 15 percent are to be cut.

Yes, that makes sense. Bidding on an object carries opportunities, but also risks. You usually can’t enter most objects beforehand; once it’s auctioned, there have already been the most elaborate things the former owners came up with, as long as they owned the property.

Moreover, with the best objects, you’re not alone, bargains are rather rare there, and even if the approval is granted, you still don’t have the certainty of being able to enter the property.

Also, many who inquire here about financing or intend to sign up will not be able to attend a foreclosure auction, because financing must be secured after approval; no one goes into the auction with just a financing commitment. Banks no longer issue that blank check. Tendencies and probabilities can be caught, but that’s it.

Ethically and morally, everyone has to decide for themselves; it was never my thing, but to write that interesting times are ahead is a no-go for me, that is disrespectful and accompanied by too much schadenfreude, which I don’t like at all.

Where was I with Caspar2020. What do I have to do with building societies and what do they have to do with foreclosures??? Building societies have a closed circle, the building society collective. The deposits from building savings contracts are always secured without limit, including the interest. In addition to their own security systems, all building societies are protected by the Compensation Scheme of German Banks GmbH, and supposed allocation problems will definitely not lead to foreclosures. That is adventurous, it completely calls into question a system that is inherently secure. A system that has always worked, in all crises we have had so far! Building societies have too much money, admittedly, also too much from highly interest-bearing funds, but these reserves are managed; moreover, customers are still partially being cheated so they quit these contracts.

Phew, I never thought I’d defend building societies like this, but with so much nonsense, right must be right.

stop it, you’re telling untruths and that does not lead to objective help!

Building societies have a closed circle, the building society collective. The deposits from building savings contracts are always secured without limit, interest is included as well. Besides their own

I know you don’t understand it. As a sales professional, it’s not that important anyway.

Basically, private building societies are subject to the legally prescribed protection. Through the "Entschädigungseinrichtung deutscher Banken GmbH" (Burgstr. 28, 10178 Berlin; edb Banken) – with the exception of the building society Schwäbisch Hall AG – 100,000 euros per investor and building society are secured.

Since the building society deposit protection fund was dissolved on February 28, 2017, the previous additional protection ended on March 1, 2017. The statutory protection still applies. Details can be found in the press release of the Association of Private Building Societies dated November 23, 2016.

No one has spoken of unlimited liability for a long time.

If you had at least read the article from the FAZ

I would also claim that if I sell building savings contracts, it would be a sure thing.

It’s not about the credits, but the acquired building loan claims which will pose a problem in a sharply rising interest rate environment.

These are only secured through the collective.

And a BSK is not a magic box where money is simply printed.

And it’s also not about your small BVS; there are enough market players who have been granting large-volume TA/BVS with building loan claims in the six-figure range for some time.

stop it, you are spreading falsehoods and that does not lead to objective help!

p

I am not claiming that it must or will happen, but it is one of the possible scenarios in the next 8-15 years

To my knowledge, the maximum building savings amount was increased to a maximum of 350,000! per building savings contract in the last building savings bank law.

So we are not talking about trivial matters here.

Casper, Casper, Casper, boy, boy, boy!!