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Banks can't perform margin calls on property. That simply doesn't exist. If you have a mortgage, that is a contract. As long as you are paying the mortgage off
by reverend_gonzo 10y ago
Banks can't perform margin calls on property. That simply doesn't exist.
If you have a mortgage, that is a contract. As long as you are paying the mortgage off as agreed upon, the banks can't take your house.
- jcriddle4 10y agoActually I think something like it used to exist. While not a "margin call" a bank could call you and tell you to repay the full amount immediately. I think even today some loans are structured so if you miss a few payments the full amount becomes due. In theory, in a more libertarian market, a loaner could structure the loan any way they pleased.