Restructuring of polish chf mortgage

oscail	Sep 14, 11, 20:18 #1
Anyone restructure their polish swiss franc mortgage with Deutsche Bank

Walkaway	Sep 17, 11, 17:55 #2
I just walked away from mine. You should do the same.

pipThreads: 11 Posts: 1,293 Joined: Jul 4, 11 ♀	Sep 17, 11, 17:58 #3
I just walked away from mine. You should do the same. wow- this is pretty pathetic advice.

bullfrogThreads: 4 Posts: 390 Joined: Apr 23, 09 ♂	Sep 17, 11, 21:05 #4
I just walked away from mine. You should do the same. i hope you live in the US and not in Poland...If not, the stain on your credit rating will follow you during your entire life..

Grzegorz_Threads: 81 Posts: 6,213 Joined: Nov 16, 06 ♂	Sep 17, 11, 22:35 #5
It doesn't really matter where he lives, they will get him soon...

owell	Sep 18, 11, 03:57 #6
i hope you live in the US and not in Poland...If not, the stain on your credit rating will follow you during your entire life.. In us they still have a computerised system nationwide but in Poland it can be fooled still YET~

Chicago PollockThreads: 10 Posts: 638 Joined: Apr 10, 10 ♂	Sep 18, 11, 07:55 #7
i hope you live in the US and not in Poland...If not, the stain on your credit rating will follow you during your entire life.. Big deal.

MEMBER ♂

Sep 18, 11, 10:25 #8

wow- this is pretty pathetic advice.

Is it? whats he supposed to do if the repayments have doubled, the property is worth 30% less than what he paid and the exchange rate between CHF and PLN is 35% in the red as well. What if he doesnt have enough money to even feed his own family?

This guy is obviously going to take a financial hit anyway he does it. So whats your non pathetic advice? Your comment is pathetic, absolutely well and truly pathetic.

Stop being such a corporate drone Pip.

If not, the stain on your credit rating will follow you during your entire life..

Its not the end of the world. People are generally better of without credit anyway.

MEMBER ♀

Sep 18, 11, 10:30 #9

Is it? whats he supposed to do if the repayments have doubled, the property is worth 30% less than what he paid and the exchange rate between CHF and PLN is 35% in the red as well.

I would not defend Walkaway because what he advises is illegal and he might have sold his property and then who know walked away from his bank mortgage ,if he is a foreigner in Poland Polish banks will stop lending to foreigners because of the risk that they can walk away.

MEMBER ♂

Sep 18, 11, 11:41 #10

its a dog eat dog world.

if he is a foreigner in Poland Polish banks will stop lending to foreigners because of the risk that they can walk away.

it'll take a bit more than that to stop the banks lending, they basically have anyway.

Worse case scenario the banks will just change the lending criteria, which they have anyway, ie 30% down payments. Also Foreign currency lending was always a bad idea, but the banks took a risk in the name of profit (FOR THEMSELVES) and its gone wrong.

Whats so different about an individual walking away from a rip off mortgage in comparison to Banks needing billions of Dollars in tax payouts because THEY made bad decisions.

Screw them i say, they'd screw us over in a second, ohh actually they already did that.

♀

Edited by: pip Sep 18, 11, 11:59 #11

This guy is obviously going to take a financial hit anyway he does it. So whats your non pathetic advice? Your comment is pathetic, absolutely well and truly pathetic.

Stop being such a corporate drone Pip.

whatever you say. you are so smart. whatever you say is always correct.

I think it is pathetic advice.

Stop being such a corporate drone Pip.

and this is so stupid it is funny. You are so way off base on your opinion of me it is comical.

♂

Sep 18, 11, 12:36 #12

whats he supposed to do if the repayments have doubled, the property is worth 30% less than what he paid and the exchange rate between CHF and PLN is 35% in the red as well. What if he doesnt have enough money to even feed his own

Maybe he/she should have something that is called the brain in the first place when he/she bought this mortgage.. Choosing a mortgage in a different currency that either the property is quoted in or than your income is denominated in is just plain nonsense..

Wroclaw BoyThreads: 57 Posts: 5,478 Joined: Jul 3, 09 MEMBER ♂	Sep 18, 11, 15:27 #13
Choosing a mortgage in a different currency that either the property is quoted in or than your income is denominated in is just plain nonsense.. Wouldnt be in the FX rate swang the other way. Then it would be called smart. I think it is pathetic advice. Why? you must have a reason Hew has to choose the lesser of two evils, to coin a phrase.

peterwegThreads: 35 Posts: 1,997 Joined: Feb 16, 07 ♂	Sep 19, 11, 15:07 #14
Whats so different about an individual walking away from a rip off mortgage in comparison to.. I don't know, maybe a jail sentence for fraud.

hythornThreads: 6 Posts: 843 Joined: Feb 21, 08 ♂	Sep 19, 11, 17:34 #15
Wouldnt be in the FX rate swang the other way. Then it would be called smart. a valid point. A friend of mine who bought in Krakow about 10 years ago is kicking himself for not taking out a mortgage in dollars.

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