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: 2006-02-19 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)