a reciete report published by the Agency Negotiator of Bank Products, indicates that banks and financial institutions do not want to continue entering more homes on their balance sheets and are advising homeowners at risk of foreclosure to achieve sell asap.
Such performances involve losses for financial institutions, since the value of foreclosed property does not cover an increasing proportion of cases, the amount of the loan. In addition, each foreclosed real estate involves incorporating more into balance, as well as the mandatory provision for the total amount paid, an amount that is subtracted directly from the income statement of the entity and which seriously compromises their profitability and solvency ratios, explains the Agency Negotiator.
This story is contradicted by the experience in real estate when they have these situations. In many cases the financial institution does not provide any facilities to be subrogated to the mortgage to new customers. Normally we go to another entity to give him the mortgage to the new buyer. We always talk buyers
solvents
Such performances involve losses for financial institutions, since the value of foreclosed property does not cover an increasing proportion of cases, the amount of the loan. In addition, each foreclosed real estate involves incorporating more into balance, as well as the mandatory provision for the total amount paid, an amount that is subtracted directly from the income statement of the entity and which seriously compromises their profitability and solvency ratios, explains the Agency Negotiator.
This story is contradicted by the experience in real estate when they have these situations. In many cases the financial institution does not provide any facilities to be subrogated to the mortgage to new customers. Normally we go to another entity to give him the mortgage to the new buyer. We always talk buyers
solvents
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