oh my god, it turns out that every other person is a russian, and every other russian is a jew! i know people who payed part of the apartment price in advance, before the house was built, and then the rest, but that's not even close to mortgage. as about mortgages, i think everyone is risking since they won't 'approve your mortgage' (haha, thanks, spam!) except on security of some other property?
isn't mortgage in russia secured by the property your're buying with it? if you don't have money to make the payments, you sell the property and settle the mortgage.
ok, i just have to admit that i don't know anything about it. i know that mortgage market here is full of scammers of all sorts, but it's all hearsay for me.
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Re: question
Date: 2006-02-17 06:34 am (UTC)i know people who payed part of the apartment price in advance, before the house was built, and then the rest, but that's not even close to mortgage.
as about mortgages, i think everyone is risking since they won't 'approve your mortgage' (haha, thanks, spam!) except on security of some other property?
Re: question
Date: 2006-02-19 04:31 am (UTC)isn't mortgage in russia secured by the property your're buying with it? if you don't have money to make the payments, you sell the property and settle the mortgage.
Re: question
Date: 2006-02-19 05:46 am (UTC)