Comments on: Fractional Ownership Offers a Piece of the Action… http://blog.currenciesdirect.net/index.php/2009/04/01/fractional-ownership-offers-a-piece-of-the-action/ Foreign exchange and currency rates blog Sat, 31 Jul 2010 23:35:59 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: Superlopez http://blog.currenciesdirect.net/index.php/2009/04/01/fractional-ownership-offers-a-piece-of-the-action/comment-page-1/#comment-25 Superlopez Thu, 02 Apr 2009 09:10:52 +0000 http://blog.currenciesdirect.net/?p=191#comment-25 Very interesting article, but I have a question: What happens when you buy the property with another two people, take a mortgage and after a couple of months one of them don't pay their agreed part? The property as a guarantee can be reposesed by the Bank although the rest of the owners pay their share of it? By the way I loved the Overseas Regular Transfer Plan that your company is offering to property owners. I've been working with another FX provider and I can tell you that your rates and service levels are unbeatable. Well done! Very interesting article, but I have a question: What happens when you buy the property with another two people, take a mortgage and after a couple of months one of them don’t pay their agreed part? The property as a guarantee can be reposesed by the Bank although the rest of the owners pay their share of it?

By the way I loved the Overseas Regular Transfer Plan that your company is offering to property owners. I’ve been working with another FX provider and I can tell you that your rates and service levels are unbeatable. Well done!

]]> By: keiths http://blog.currenciesdirect.net/index.php/2009/04/01/fractional-ownership-offers-a-piece-of-the-action/comment-page-1/#comment-26 keiths Thu, 02 Apr 2009 08:33:53 +0000 http://blog.currenciesdirect.net/?p=191#comment-26 And a very good question is it too. If the fraction has been bought through a reputable developer, an owners agreement will be in place which provides details and assurances on default issues. This will also cover other eventualities such as disagreements between co-owners. Its worth mentioning that you don't mortgage a Fractional Share. You can however take a personal loan in your home country or re-mortgage your own property to purchase. This does not then affect the Fractional Property. And a very good question is it too. If the fraction has been bought through a reputable developer, an owners agreement will be in place which provides details and assurances on default issues. This will also cover other eventualities such as disagreements between co-owners. Its worth mentioning that you don’t mortgage a Fractional Share. You can however take a personal loan in your home country or re-mortgage your own property to purchase. This does not then affect the Fractional Property.

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