news.bbc.co.uk— The US sub-prime mortgage crisis has lead to plunging property prices, a slowdown in the US economy, and billions in losses by banks. It stems from a fundamental change in the way mortgages are funded.
Dec 18, 2007View in Crawl 4
No. You pay property taxes based on the assessed value of the property. Also, they can reassess, and usually do, on a yearly basis.What you paid for a property is between you and the seller. Nobody else really cares, much.
ottoDec 18, 2007
No. You pay property taxes based on the assessed value of the property. Also, they can reassess, and usually do, on a yearly basis.What you paid for a property is between you and the seller. Nobody else really cares, much.
Closed AccountDec 19, 2007
Yeah and we've probably been paying the silo committee 600 million euros a year to preserve the guillotines.
zeny888Jan 4, 2008
The video reveals how predatory lenders were unregulated and often unscrupulous, targeting people they knew couldn’t pay. The broker would make the loan, take a fat commission, and pass on the responsibility as quickly as possible. One lawyer tells: "It’s American capitalism at its worst." WATCH IT!<a class="user" href="http://digg.com/business_finance/MORTGAGE_MELTDOWN_It_s_American_capitalism_at_its_worst">http://digg.com/business_finance/MORTGAGE_MELTDOWN ...</a>
martutahJan 7, 2008
One of the best explanation of the problem. BBC does great work.
Closed AccountJan 2, 2009
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