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Message
re: Russian borrowers money woes include their home mortgages
Posted on 12/14/14 at 3:43 am to Layabout
Posted on 12/14/14 at 3:43 am to Layabout
quote:
I didn't realize that this was an accepted way of financing.
I'm actually curious how foreign banks can foreclose on a delinquent loan. Will Russian law allow for this?
1
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
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