Even though immovable property can be acquired by cash sale, most people acquire it by means of applying for a mortgage bond (loan) from a bank (or financial Institution).
For many people this is the most valuable asset they own, which as a result (whether mortgaged or not), is often the only or most feasible asset for creditors (or the bank) to attach in settling a debtor’s (home owner) outstanding debts.
< read more>
Version:1.0 StartHTML:0000000196 EndHTML:0000003785 StartFragment:0000002996 EndFragment:0000003745 SourceURL:file:///Y:\Music\Documents\VMShare\revised_article_on_immovable_propertyNFS.doc
Even though immovable property can be acquired by cash sale, most people acquire it by means of applying for a mortgage bond (loan) from a bank (or financial Institution).
For many people this is the most valuable asset they own, which as a result (whether mortgaged or not), is often the only or most feasible asset for creditors (or the bank) to attach in settling a debtor’s (home owner) outstanding debts.
