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To: catbertz
No one could pay and who’s going to collect?

Even if the currency goes to hell, the deeds still exist.

If you default on your mortgage, then the banks convert their liens to ownership (robo-forclosure was just practice!)

If the banks default then their creditors may end up owning your house.

If they want you out, then they call the local Sheriff and his deputies walk you out into the street.

Go ahead and try your "defensive means."

The state will win, because he will pick one target at a time.

9 posted on 01/19/2011 12:01:25 PM PST by sam_paine (X .................................)
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To: sam_paine
If the banks default then their creditors may end up owning your house.

So if China ultimately holds the bonds (debt), do they get my house and land?
10 posted on 01/19/2011 12:34:56 PM PST by John.Galt2012 (I'll take Liberty and you can keep the "Change"!)
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To: sam_paine

How are you going to pay the Sheriff if the currency is worthless? Why would the Sheriff even go to work?

These aren’t rhetorical questions I’m really want to know.


14 posted on 01/19/2011 1:50:22 PM PST by CommieCutter (I'll get an internet ID when Obama shows his birth certificate.)
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To: sam_paine

” If you default on your mortgage, then the banks convert their liens to ownership (robo-forclosure was just practice!)

If the banks default then their creditors may end up owning your house.

If they want you out, then they call the local Sheriff and his deputies walk you out into the street.”

laws on this work both ways, most places with homes built (communities) have ordnances on keeping the property up

banks are struggeling big already in that department


21 posted on 01/20/2011 2:27:20 AM PST by SF_Redux (Sarah stands for accountablility and personal responsiblity, democrats can't live with that)
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