tag:blogger.com,1999:blog-2856236869724526974.post9123695933685637224..comments2023-11-16T07:27:46.331-05:00Comments on Ecocomics: Jonah Hex Exercises Some Real Estate IntuitionShadowBankerhttp://www.blogger.com/profile/18253883719460683589noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-2856236869724526974.post-1461174184608236552011-09-01T07:03:23.521-04:002011-09-01T07:03:23.521-04:00this page | here | there | check this | this site ...<a href="http://basketbattle.tk" rel="nofollow">this page</a> | <a href="http://luccemetal.tk" rel="nofollow">here</a> | <a href="http://fcdh-youth.tk" rel="nofollow">there</a> | <a href="http://easuguroo.tk" rel="nofollow">check this</a> | <a href="http://www.distributorhp02.tk" rel="nofollow">this site</a> | <a href="http://hopevote.tk" rel="nofollow">here</a> | <a href="http://brokenherated-productions.tk" rel="nofollow">this page</a> <br><br /> <a href="http://yuniqcorn.tk" rel="nofollow">here</a> | <a href="http://virtualbeton.tk" rel="nofollow">this site</a> | <a href="http://fraggaming.tk" rel="nofollow">this page</a> | <a href="http://iamwar.tk" rel="nofollow">there</a> | <a href="http://armeniasurf.tk" rel="nofollow">check this</a> | <a href="http://8daysaweek.tk" rel="nofollow">this site</a> | <a href="http://art-and-soul.tk" rel="nofollow">here</a> <br><br /> <a href="http://prokill-clan.tk" rel="nofollow">here</a> | <a href="http://heathenhouse.tk" rel="nofollow">this site</a> | <a href="http://westerngunners.tk" rel="nofollow">this page</a> | <a href="http://termg.tk" rel="nofollow">there</a> | <a href="http://huaykancity.tk" rel="nofollow">check this</a> | <a href="http://skwurlsoft.tk" rel="nofollow">this site</a> | <a href="http://3itechnology.tk" rel="nofollow">here</a> | <a href="http://mahon-productions.tk" rel="nofollow">this page</a> <br>Gervaisnoreply@blogger.comtag:blogger.com,1999:blog-2856236869724526974.post-52393953712065015572011-03-31T06:08:12.289-04:002011-03-31T06:08:12.289-04:00Excellent information here. 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Aaanyways, what about you? what does your dad think xD" Anyway, in my language, there are usually not a lot good source like this.linkwheelhttp://dominateseo.netnoreply@blogger.comtag:blogger.com,1999:blog-2856236869724526974.post-72278185153379893602011-03-31T05:56:58.707-04:002011-03-31T05:56:58.707-04:00I was more than happy to seek out this site.I want...I was more than happy to seek out this site.I wanted to thank you for this nice read!! I definitely having fun with each little bit of it and I have you bookmarked to check out new stuff you post. Anyway, in my language, there usually are not a lot good source like this.link wheelhttp://www.dominateseo.netnoreply@blogger.comtag:blogger.com,1999:blog-2856236869724526974.post-77323441560242329792011-03-31T04:49:30.627-04:002011-03-31T04:49:30.627-04:00This may be a perfect example of information asymm...This may be a perfect example of information asymmetry and adverse selection in insurance. I hope all textbook authors and legislators notice.sim so dephttp://www.chosimsodep.netnoreply@blogger.comtag:blogger.com,1999:blog-2856236869724526974.post-61161855673489232412010-08-30T06:41:21.055-04:002010-08-30T06:41:21.055-04:00We added your article to our auto glass directory....We added your article to our auto glass directory. You’ll find there is link to this blog<br /><a href="http://www.sillybandzdirect.co.uk/" rel="nofollow">Buy Justin Bieber Silly Bandz</a>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2856236869724526974.post-2086782208304266822010-08-18T14:05:54.304-04:002010-08-18T14:05:54.304-04:00It's very sad , that many people in america ar...It's very sad , that many people in america are under huge loss due to recession in market. Lot of them are jobless now.<a href="http://www.hypnosis.eu" rel="nofollow">mp3</a>johnhttps://www.blogger.com/profile/13898514833367465770noreply@blogger.comtag:blogger.com,1999:blog-2856236869724526974.post-67798276377772022972010-08-18T06:49:54.117-04:002010-08-18T06:49:54.117-04:00You can do most of this in software for free. Try ...You can do most of this in software for free. Try Jeskola Buzz. Its is a VST capable modular software music studio.<br /><a href="http://www.acresidential.com/" rel="nofollow">Property management Companies Orlando</a>Unknownhttps://www.blogger.com/profile/04332642608966568561noreply@blogger.comtag:blogger.com,1999:blog-2856236869724526974.post-8527509746792940192010-03-16T07:50:41.665-04:002010-03-16T07:50:41.665-04:00Its really confusing case. I can just say Best OF ...Its really confusing case. I can just say Best OF Luck! to you.Realtor Flyer Templateshttp://www.realtyjuggler.com/Flyers.htmlnoreply@blogger.comtag:blogger.com,1999:blog-2856236869724526974.post-7522242211736120302009-06-02T15:41:06.291-04:002009-06-02T15:41:06.291-04:00Well, let's assume for the sake of argument that t...Well, let's assume for the sake of argument that the hotel was built with at least a loan for construction, possibly for land purchase as well (and if not land purchase, then the parcel was part of the loan collateral). Let's further assume this means that the bank can immediately foreclose on the property in toto, allowing them to sign the deed over to Hex as payment for his services.<br /><br />Even so, this is pretty fishy. What bank is going to have the repayments on a single loan (extended with what initial capital?) be its sole source of liquid income, with no deposits or other source of cash? Just how high was Hex's fee supposed to be, anyway?Scotthttps://www.blogger.com/profile/09112215621728247275noreply@blogger.comtag:blogger.com,1999:blog-2856236869724526974.post-7142605760071680642009-05-28T17:22:25.206-04:002009-05-28T17:22:25.206-04:00I could be wrong, but I believe that older mortgag...I could be wrong, but I believe that older mortgage systems actually vested title in the property to the mortgagee while allowing the property "owner" to use the land either under lease or permission (in contrast to the current systems in the US where the property owner has legal title subject to the mortgagee's interest). Thus, absent the intervention of Equity, the bank would own the entire property until the last payment was made.<br /><br />Of course, I'm not a real estate lawyer and Property was not my best subject in law school so take these recollections with that salt in mind.Nathanhttps://www.blogger.com/profile/11847683885206356681noreply@blogger.comtag:blogger.com,1999:blog-2856236869724526974.post-26504417255799424052009-05-28T14:31:57.429-04:002009-05-28T14:31:57.429-04:00I'm not sure there was a prior deed on the land. ...I'm not sure there was a prior deed on the land. These ladns were likely granted by the homestead act or purchased outright form the railroads, who were granted it by the gov't in a infrastrcuture deal akin to the interstate highway system in the 1950s. <br /><br />The loan that entails would've been a construction loan.Alannoreply@blogger.comtag:blogger.com,1999:blog-2856236869724526974.post-54040104627930645392009-05-27T23:36:42.856-04:002009-05-27T23:36:42.856-04:00Erik is basically correct, but keep in mind that a...Erik is basically correct, but keep in mind that a mortgage is an interest in the land, given by the mortgagor to the mortgagee.<br /><br />So, for this to work, the bank would have to convince the present estate owners to convey their interest in the land to the bank, at which the point the bank would own it free and clear. (This is the magic of merger.) Then the bank may convey it to whomever it wishes.<br /><br />Absent merger, you may just have the bank conveying a mortgage interest to Jonah (and presumably the promissory note to which it is attached), which means that Jonah would have to foreclose (sale of the property) in order to acquire a fee simple property interest.<br /><br />Of course, even foreclosure does not guarantee fee simple ownership as the process generally involves an auction. Usually the mortgagee (the bank) bits up to and including the amount outstanding on the promissory note, which gives the mortgagor the property for only the amount it is owed, and it can then sell the property at a profit (not so much these days).<br /><br />In short, it's a lot more complicated than the comic makes it sound. Which makes sense.Mackenziehttp://www.macknzie.net/blognoreply@blogger.comtag:blogger.com,1999:blog-2856236869724526974.post-31676214386011545082009-05-27T07:31:54.201-04:002009-05-27T07:31:54.201-04:00The fault in your analysis is that the bank never ...The fault in your analysis is that the bank never has any actual ownership of the property. A mortgage is actually just a contract in which the bank gives a some of money to the borrower in exchange for the right to collect that money back over time plus interest. The borrower has sole ownership of the property he buys, but if he fails to pay as agreed, the bank can collect the property instead of the money.<br /><br />In this situation the hotel is destroyed and the owner's can't pay. The bank could foreclose on the property, incurring legal costs, but then they still have to sell the land before they get any money. There are two problems with this. First, the value of the now undeveloped land is only a fraction of what the bank is owed anyway, so they are guaranteed to lose money no matter what. Second, bankers aren't real estate speculators. Selling the land will require them to hire someone, more costs, and they are unlikely to get top dollar. Getting the land off their books quickly is a greater priority than getting the best price, because they have no way of not losing money anyway.<br /><br />Given the reality of how difficult it is for a bank to get money out of a property, they decided to allow a short sale of the land to Hex for the price of his fee. They get both the land, and the fee off the books (and keep Hex from asking questions about where else the bank could find the money to pay him), so over all it's a pretty good deal for the bank.<br /><br />Of course, all this trouble could be avoided if there was insurance on the building, which a shrewd banker would have required.Erikhttps://www.blogger.com/profile/02359933775976674165noreply@blogger.comtag:blogger.com,1999:blog-2856236869724526974.post-25152127622079114182009-05-15T01:42:00.000-04:002009-05-15T01:42:00.000-04:00Here's where I'm confused. How would the bank hav...Here's where I'm confused. How would the bank have recieved liquid value off the property to pay Hex? If they have a vested interest and not sole ownership, they cannot liquify to pay him. It seems like the whole situation is fishy which is why I can see them allowing him to take ownership of the land. Perhaps assumed he knew what they were scheming and elected to give up the land to face that legendary wrath.<br /><br />As far as the issue of the value of the land to Hex himself, value is only based on the utility one places on it. Untangle all of Hex's motives and you'll see whether he means to hold the land for money or to hold the land as wild, free space (at least until seized in eminent domain).Benhttps://www.blogger.com/profile/16207516792626842776noreply@blogger.comtag:blogger.com,1999:blog-2856236869724526974.post-26515877109028277942009-05-14T14:24:00.000-04:002009-05-14T14:24:00.000-04:00From what I understand, bank money in the old west...From what I understand, bank money in the old west was generally tied in with long-term investments such as hotels, saloons and farms. Not the most diversified portfolio of investment opportunities. Add the frequent recessions and bank robberies and you have a pretty risky business. <br /><br />When a debtor defaulted on a loan, the bank would be stuck with a piece of hard-to-value property whose price could fluctuate wildly. Paying taxes on this while trying to find someone to sell the land to might be a losing proposition for the bank. Maybe the bank felt it easier to simply allow the transfer of property from the hotel owner to Hex, thereby settling their contract with him. Contracts back then were informal at best, and nobody wants an angry bountyhunter on their ass.<br /><br />Its also possible that the bank had already inspected the land and came to the conclusion that it was worthless. Maybe Hex isnt as shrewd as we think?Ehttps://www.blogger.com/profile/12435257085493519023noreply@blogger.com