Chapter 2231 All the damaging moves come out
When Jessica heard this, she immediately became excited!
Buying a house with full payment and not negotiating the price?
For Jessica, who is short of money, what is the difference between this and pie in the sky?
But Jessica still has a little sense of safety precautions.
Her house is not a rare and good one, and there are many people in her community with lower listing prices than hers.
No matter how much someone likes her house, there's no reason why they won't talk about the price.
She told the agent her doubts.
However, the intermediary told her: "The other party is willing to pay a down payment of 200 million, which can be directly transferred to your card. The rest can be borrowed from a bank.
He just likes your house and thinks your decoration style suits him very well. "
Jessica's sense of precaution was instantly swept away.
After all, the cash of 200 million was transferred directly, and the loan of 500 million was obtained from the bank.
How could there be any risk?
Besides, she really put a lot of thought into her decoration. If buyers appreciate it and are willing to pay a high price, it means that the buyer has good taste!
Jessica was carried away by the client's exhilaration.
As everyone knows, this is the beginning of the scam.
On the day of signing the contract, a buyer named Dave met with Jessica.
After meeting and chatting for a few words, Dave said: "I have many houses under my name. I originally wanted to mortgage one house to the bank and then pay you the balance, but the bank did not approve it.
So I want to discuss this with you. "
Jessica asked doubtfully: "What to discuss?"
She was really afraid that the other party wouldn't buy it.
Dave: "I want a trustworthy friend of mine to come over and hold this house on your behalf."
And this person who holds it on behalf of others is actually a professional debtor.
When Jessica heard this, she didn't care.
After all, the down payment of 200 million has been received, and it is a real deal.
It doesn't matter to her who owns her house.
Anyway, as long as she gets the loan, she just waits for the bank to release it.
So Jessica readily agreed.
Dave called the professional debtor over.
The intermediary took them to the bank to handle the transfer.
The transfer process is that the professional debtor first takes a loan, and then Jessica transfers the house to the name of the professional debtor, who then makes a mortgage with the bank for a loan.
The loan money was naturally sent to Jessica.
This is probably the process.
After all the procedures were completed, Jessica left the bank happily and went home to wait for the final payment to be credited to her account.
However, Dave and the professional debtor did not leave.
Before the subprime mortgage crisis in 2008, Baguo did not need to pay the balance to transfer the ownership, and there was no capital supervision account (if the loan was approved by the bank to buy the house, the bank would first transfer the money to the official capital supervision account , and then transfer the ownership. After the final transfer, the balance will be transferred to the seller from this official account, and neither party nor the intermediary can touch the money in the supervision account).
The current process is to transfer the property after receiving the down payment. After the transfer, the property title of the house is changed to the buyer's name. The bank then uses the buyer's name as a mortgage and then makes a payment to the seller. The fastest time for the payment is two weeks, and the slowest time is Three months.
This provides a loophole for Dave and the professional debt collectors.
After waiting for Jessica to leave, Dave and the professional debtor hurried back to the bank.
then……
Professional debtor cancels mortgage! ! !
Many people may ask, how can the loan be canceled unilaterally?
That's because professional debtors do mortgage loans, and banks only recognize real estate certificate holders.
Because the house has been transferred to the debtor at this time, he can cancel the bank loan at any time! ! !
While Jessica is at home waiting for the final payment, the professional debtor will be taken by Chen Mo's company to use Jessica's house worth 700 million to make crazy mortgages and get loans.
After all, as long as you have a house, decoration loans, consumer loans, etc., they are basically approved in seconds in Baguo.
Cash out all the banks in the country and then disappear.
Jessica quickly noticed something was wrong.
But there was no way back.
The house has been transferred and mortgaged to major banks. Even if she calls the police, even if she is accused of fraud, she will not get the house back.
What's more, she also received a down payment of 200 million, and the overlord police would even make her admit that she was unlucky and treat it as selling the house cheaply.
Even on the eve of the upcoming subprime mortgage crisis, a house worth 700 million cannot be as cheap as 200 million!
It is impossible to even cut the price by half.
After a local snake learned about Chen Mo's move, he couldn't help but complain: "Mr. Chen, you are much crueler than us! I don't know how many people in the hegemonic country have been displaced and their families have been destroyed by you!"
Chen Mo said with a smile: "You have to recognize one thing clearly. In the final analysis, there are loopholes in the supervision of the overlord banks."
"In the long run, even if I don't lie to them, it will be difficult for most of them to survive the subprime mortgage crisis."
"When the subprime mortgage crisis comes, the houses in their hands will become extremely difficult to sell, and everyone will sell in a panic. Maybe they won't even be able to sell it for 200 million!"
"At least I gave them 200 million in cash to help them survive this crisis!"
The corner of the local snake's mouth twitched: "According to what you say, they still have to thank you for your deception?"
Chen Mo raised his head proudly: "I am always willing to help others. It is my duty to help our hegemonic friends."
While local smugglers despised Chen Mo, they imitated him and started the same operation across the country.
The more such operations are done, the more loans Baguo Bank will be taken away from, the more houses will be backlogged in the hands of Baguo Bank, and the greater the real estate bubble and risk will be!
The "Emperor's Community" and "Professional Debtors" are proceeding in an orderly manner, accumulating energy for the outbreak of the subprime mortgage crisis.
Chen Mo did not forget his last resort - to help the Overlord couple divorce.
Many subprime borrowers have already entered a period of rising floating interest rates in their realization stage.
Many people's mortgage interest rates suddenly increased from 1 or 2 points to 6 or 7 points.
Don’t underestimate the interest of these few points. When converted into monthly mortgage repayments, it is likely to double! ! !
In the beginning, you pay back 5000 a month. After the floating interest rate comes up, you have to pay back 10000 a month! ! !
With a monthly salary of 8000, you can barely survive with 5000, but what if you are asked to pay back 10000?
Who can stand this?
So many people plan to sell their properties and live in rented houses.
At this time, they unexpectedly discovered that the house was not easy to sell, and the price had even been greatly reduced!
The loan they have to repay is even much higher than the house price!
Who is willing to repay the loan?
But if they don't repay the loan, their house will be foreclosed on, and their credit report will be blocked. Then they won't have anywhere to rent a house, and their jobs may also be affected.
How to do?
In this case, Chen Mo was like a god coming down to earth to help this group of people...
