When you sell a house, you still have to pay off your mortgage.

It's a condition of the loan in the first place. So the price someone pays you for your house reflects that.

Yes, they are more than welcome to get a new finance deal, but the present incumbents are correct in saying that the existing deabt should be repaid.

Posted By: Arganth on July 11th 2008 at 12:09:35

Message Thread

Stupid question, why does anyone wanting to buy the club have to clear the debt? (NCFC) - BSE Canary, Jul 11, 11:24:43
- When you sell a house, you still have to pay off your mortgage. (NCFC) - Arganth, Jul 11, 12:09:35
- Yes, they do. (n/m) (NCFC) - phrankin, Jul 11, 11:31:44
- It's a bit like, why does someone who has something desireable, need to sell it off cheap (NCFC) - pants, Jul 11, 11:26:53
  - Because they are supposed to care about the club's future? (n/m) (NCFC) - Tim Westwood, Jul 11, 11:27:40
    - Watling did (n/m) (NCFC) - phrankin, Jul 11, 11:31:58
- You are simply acquiring and covering the debt (n/m) (NCFC) - dx1, Jul 11, 11:25:48
  - Who covers the debt at the moment? (n/m) (NCFC) - BSE Canary, Jul 11, 11:26:47
    - when you are the 40th richest UK citizen lots of people (NCFC) - phrankin, Jul 11, 11:34:39
    - Graham (n/m) (NCFC) - NCFC4life, Jul 11, 11:29:49

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