Surfer
19 Dec 2012
Real Estate / Foreign investor, properties in Poland, walk away from mortgages? [209]
HI again.
Thank you everyone for contributing into the conversation.
Just to clarify I did not mean to open a political debate; Communism, capitalism, who is right or who is wrong.
I simply would like to know how many people default on a mortgage in Poland. ( I am sure there must be many)
More importantly I would like to know how can bank in Poland force me to pay back if I live in USA?Can they go after my proprieties in USA? Will they just damage my credit? I would think that it has to be pretty complicated, taking in consideration that there are two different countries involved.
Please let's not get into the moral issues of this, I am looking for an advise on precisely how will the bank act if I walk away from the mortgage.
Thanks
HI again.
Thank you everyone for contributing into the conversation.
Just to clarify I did not mean to open a political debate; Communism, capitalism, who is right or who is wrong.
I simply would like to know how many people default on a mortgage in Poland. ( I am sure there must be many)
More importantly I would like to know how can bank in Poland force me to pay back if I live in USA?Can they go after my proprieties in USA? Will they just damage my credit? I would think that it has to be pretty complicated, taking in consideration that there are two different countries involved.
Please let's not get into the moral issues of this, I am looking for an advise on precisely how will the bank act if I walk away from the mortgage.
Thanks