Posted by JohnBoy on April 11, 1999 at 20:19:30:
That brings up another thought. Banks must recognize DOS Violators too! On the banks personal financial statements they give to customers to fill out, it has a box that asks for “Partial Interest in Real Estate Equities” Then on the second page in Scedule C it asks:
Address & Type of Property, Title in Name Of, % Of Ownership, Date Acquired, Cost, Market Value, Mortgage Maturity, and Mortgage Amount.
If the banks didn’t recognize these, then why would they allow them to count as part of your assets on their finacial statements they give out to people to fill out?
Hmmmm?? What do you think?? Do banks recognize a DOS Violator too?? LOL