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@El anciano wrote:
Mmm, the prices I am seeing are better than 25% (below peak), the last one was 47% less than peak, and in this case I know that the bank will not being clearing the mortgage debt from the sale. I guess they will persue the unfortunate debtor for the balance, and if that fails write it off.
Two things I do not understand about the (S)CAM properties:
1) can one still make offers for the non-Subastas properties?
2) is the CAM bank guaranteeing a mortgage?