Questions for Doomy

Ben,

PLEASE don't waste his time with Q2.

I see it like this: If you have a mortgage and you sell your house, what happens to the mortgage?
Do you a) pay off any outstanding balance or b) walk away leaving the debt to become the problem of the new owner?

If you own a flat that is worth 100k but has 40k mortgage outstanding on it, what price do you sell it for? Debt is invariably not something that can be swapped around from owner to owner, unless consent is expressly given.

Everyone is looking for something sinister in that repayment of debt clause, but I really don't believe there is.

Posted By: jayson blair on March 20th 2009 at 12:47:01

Message Thread

Questions for the club (NCFC) - Ben, Mar 20, 12:22:54
- Why do we have so many loans (NCFC) - fond, Mar 20, 13:57:04
- Who.......... (NCFC) - jonnyp, Mar 20, 13:23:03
- Questions for Doomy (NCFC) - jayson blair, Mar 20, 12:47:01
  - Doncaster, (NCFC) - CB41, Mar 20, 12:50:39
- Ask them why they take sponsorship money but then don't fulfill their obligations. (n/m) (NCFC) - lovely old job, Mar 20, 12:45:08
  - sponsored silence? (n/m) (NCFC) - Ralf Scrampton, Mar 20, 12:47:28
- oh, and maybe summert about the hotel (i can't see the figures for it in the latest summar (NCFC) - Ralf Scrampton, Mar 20, 12:41:16
  - pah! - you and your 'going forward' (n/m) (NCFC) - malkybarkid, Mar 20, 12:46:14
    - Int that on the banned list? (n/m) (NCFC) - CB41, Mar 20, 12:48:52
- do summert about the ROI for the catering please? (NCFC) - Ralf Scrampton, Mar 20, 12:37:58
  - how about (NCFC) - south, Mar 20, 12:41:48
    - thinly disguised suggestion that only people that live in Norfolk should matter ^^^ (n/m) (NCFC) - Ralf Scrampton, Mar 20, 12:49:36
      - not at all (NCFC) - south, Mar 20, 12:59:01
        
        i'm not sure i understand what your question is... (n/m) (NCFC) - Ralf Scrampton, Mar 20, 13:11:34
        
        simple (NCFC) - south, Mar 20, 13:41:41
        
        personally, i'd say no (NCFC) - Ralf Scrampton, Mar 20, 13:48:04
  - ?600 millions? flippin' tits! (n/m) (NCFC) - malkybarkid, Mar 20, 12:40:03
    - Thasser lotter sausage rolls hentut? (n/m) (NCFC) - Arizona Bay, Mar 20, 12:41:03
- 2) - this is a condition of the lenders, no? (n/m) (NCFC) - malkybarkid, Mar 20, 12:24:03

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