Reply To: CAM repossesions direct (email from Kyero)



@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?