- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Russian borrowers money woes include their home mortgages
Posted on 12/14/14 at 9:02 am to foshizzle
Posted on 12/14/14 at 9:02 am to foshizzle
quote:I doubt the mortgage loans are being made by foreign banks. They are from Russian banks but just denominated in a foreign currency.
I'm actually curious how foreign banks can foreclose on a delinquent loan. Will Russian law allow for this?
I just realized I didn't include a link for the quote I provided in the OP. Here it is:
LINK
2
Posted on 12/14/14 at 12:45 pm to LSURussian
quote:
They are from Russian banks but just denominated in a foreign currency.
Ah, that makes more sense then.
That is, it makes sense that the banks are Russian, not that one would borrow such a large sum and not hedge the currency risk. TANSTAAFL.
Posted on 12/14/14 at 8:40 pm to LSURussian
Is a 10 percent mortgage rate normal over there?
I'm sure soon we will hear stories about how these borrowers didn't understand what they were signing, etc.
I'm sure soon we will hear stories about how these borrowers didn't understand what they were signing, etc.
Page 1 of 1
Back to top
Follow TigerDroppings for LSU Football News