What significance do standard land values have?

  • Erstellt am 2015-12-11 12:08:10

MarcWen

2015-12-25 14:10:57
  • #1


ok if that is the only option, understandable. I was not aware that financing is only possible with known properties. I had thought, among other things, that for example a forward loan would also be possible without a property.
 

toxicmolotof

2015-12-25 20:53:28
  • #2


Theoretically yes... but you only get the money with the forward loan once the underlying collateral with the corresponding value has been provided. So if you tell the bank... sure, no problem, you will get collateral worth x euros, but at the time of disbursement you only provide x minus 20% as collateral, exactly two things happen:

1) Additional collateral must be provided.
2) Loan termination (and damages) because the condition you agreed to is not fulfilled.
 

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