So if you buy a house.....
 

If you buy a house that costs $300,000.00 and you make a down payment then finance the rest......

Lets pretend that you fall behind on your payment and the house is repossessed by the bank......

How many of you think that the bank is going to give you your money back? Do you think that they will say...Well, you've paid for 75% of the house so we will let you keep 2 bedrooms, the kitchen, and half of the living room?

OR......


You enter into an agreement to buy a porn site. There are payment terms discussed as well as legal rights about the content licensing on that site and you are required to follow those terms and license.

If you can't make the payment on that site OR you violate the terms of the sale....You will lose the site as well as any and all money that you invested into it.

Now, there are a million ways that people could spin these two situations but the bottom line is that the bank would repo the home, auction it off, and not give the prior owner a single dime. In the case of the website...You would lose your investment there as well.

Both of these situations have happened and will continue to happen as long as people are buying and selling things on terms and or issuing limited licenses.

If you can't complete the deal without violating the terms then perhaps you should not be considering the deal in the first place.

If you don't agree with this then you need to take some business courses and find out how the real world works.

Good night. :)

Oh. The new thing with Banks is now they let you keep part of it.

HA! NOT!

I believe the answer to both of those scenarios is no

I know in Massachusetts if you owed say 50k on a 300k dollar home they would foreclose on the property and auction it off. If they sold it for 250k, they would take the 50k you owned on it plus whatever their legal fee's were and give you what was left over. :2 cents:

FORECLOSING A HOUSE IS NOT A DIRECT DEAL, IT CAN GO INTO A FORCED SALE WHERE THE HOME OWNER IS ENTITLED TO SELL THE HOME TO MAKE GOOD ON THE HOME MORTGAGE.

REVIEW:

http://chicagotribune.interest.com/i...JWZ&type=daily


The legal process by which an owner's right to a property is terminated, usually due to default. Typically involves a forced sale of the property at public auction, with the proceeds being applied to the mortgage debt.

http://www.investorwords.com/2039/foreclosure.html

Ya wanna give Son Of Sam the Opportunity to resell the package to make good before you take his money? So ya holding 3600 HIS right now that is his vested interested in the package..
Give em the package have em sell it for 4k to 5K...
You get your money, he gets a small profit and no content.

Done deal.

Like I said...You can twist my examples many ways.

Alien....Get a life.

I highly doubt the license allows resell

probably specifically prohibits it

Of course I can twist them.

Your logic is flawed.
Son of sam has a vested interest of 3600.oo in the package.

He has made payment, not all of it but...
He has a vested interest that he can reasonably make good on should he be permitted to put the package on the market for sale to recoup his investment.

Otherwise you are are just taking his money and the house.

I hung up on you for a few reasons. One of them is that even over the phone you were too fucking stupid to know when you are wrong.

Yep..I have his money.

Today, he has told me to keep his money.

So...What exactly is your point here?

If I rob a bank and get caught, do you think the bank will just saw fuck it all and let me keep the money? Nope, not happening. I guess that means I never robbed anybody.

Damn...Your jaw must be awful tired by now. You been sucking SOS and ContentProducers cocks all day long.

was it in the contract? assuming there is one.

i didnt read what alienq said, but by reading everything else he posted odds are hes wrong.

LOL...Of course not.

http://www.connectionnewspapers.com/...0_16114340.jpg

ADG Webmaster

:1orglaugh :1orglaugh :1orglaugh

The contract was a verbal agreement...That aside....He still infringed on my copyright which violates any license that he may have been entitled to. That revokes the license with no refund.

It's basic really. Alien just has his panties in a bunch because I got tired of his shit and called him out today for being a fuck up. That's really all his cock riding boils down to.

Well he is still out 3600.00.

Period.

You got it...
He got nothing.
He conceded perhaps but its still bullshit.

Bottom line ya took $3600 bucks that was his and he got nothing for it.

Not very wise of em to step down and be intimidated. But its his choice.

As for me...
I wouldnt ever reccomend any sort of business with you.

I agree with AlienQ "AaronM is a fuckin thief."

He got nothing because he done fucked up.

And for the record....I can't suggest people do business with you either. I'm sure your feeling are hurt about as much as mine. :1orglaugh

BTW...Did you even attend any sort of structured school system that taught spelling?

Why is it that the VAST majority of the people that are agreeing with Alien are the very same people that bash me every chance they get?

Interesting. :glugglug

NOw your gettin paranoid...
Maybe your time has just come, your a jaded GFY dinosaur.
And with that your age and weakness is showing and the newer guys see blood.

Have fun fending them off since they see ya for what ya are now.
Ya did it yerself.

It's all a game.

And I'm a much better player than you and 99% of the rest of the board...Even in my old age. :winkwink:

hey aaron is there a specific reason you keep your paysite so hush hush ?

Bwah!

Yer weak and stupid...
Today ya got really stupid.

Never in my dreams did I think it would be me proving what a little piece of shit you actually are and expose the vulnerability so beautifully...

I never bashed you once dude !



(although I do think you are a big fat bastard :winkwink: )

GOOD GOD ALMIGHTY FOR THE LOVE OF MAKIND AND THE SANITY OF BABY JESUS AND ALL THAT IS GOOD

stfu

http://www.connectionnewspapers.com/...0_16114340.jpg

Thats fucken cool;)

About sums it up...

no offence but you're twisting the issue... i don't think the scenario is so black and white...

Dodge weave, twist pull...

Generallly with a foreclosure on a home there is a series of missed payments that occurs before the bank closes in. With your deal with Sos you didn't give him the opportunity to make the series of payments to pay off the remaining balance that he says you agreed to in your conversation after you told him you needed US currency and he was short. If in fact you told him he could use the content to start his site and then make payments to pay off the balance, then you never gave him that opportunity and essentially prematurely foreclosed according to your example. Obviously the key seems to be the icq logs that discussed the agreement after you told him he still owed a balance. There seems to be some discrepancy as to what exactly was agreed upon at this point.

id like to get a house going soon

Ya should have heard AaronM whinning on the phone last night trying to Justify this shit.

Bwaaa HAhaahah!
He is so caught up in his bullshit he can't understand why he basically is nothing more than a crook that justifies mugging someone. I can see why alot of people might get intimidated by this prick...

But at the end of the day we know what it is...

SMOKE SCREEN!

Verbal/Oral contracts suck because one can always orally/verbally change it. There was no contract, there was no license given therefore there was no violation IMO.

Wrong wrong wrong.

So lets say you made all the payments on that 300k house except the last.

You owe the bank 1 more payment, lets say 1k.

The bank reposesses the house and sells it for 300k - 1k owed on the loan, and the bank keeps the 299K?????????

The bank sold the house to payoff the debt, anything left over goes back to the owner.

Now,,,,if we are talking about peoperty taxes you would be correct. Just recently the county here seized an 800k home b/c the owner owed 50k in back taxes. The county auctioned the house for 750K,,,50k went to settle the back taxes and the county pocketed the 700k.

So what if someone bought a million dollar home with all cash then took out a 25k loan for a pool. What gives the bank the right to steal his million dollars if he defaults on the 25k?

A. If you pay off 75% of it and fall behind your a complete dumbass. In the event you cant afford it sell the fucking thing and get your money back out of it that you got in it. And to answer your question I highly doubt the bank is gonna give you any cash back

Forced sales laws and regs.
I aint an expert on the matter but a bank can not just seize a home and all vested interested in the home that the buyer put into it.

But lets just cut through the shit and smoke screen.
$3600 = 0 pics at AMPCONTENT.

To much to think about, im just a girl and dont really know ??

i wish i could take a clients 3600 for design, and then not deliver.

id be way better off, and have lots more time on my hand :1orglaugh

for the record, i have no idea what drama this is... i dont visit gfy daily anymore and have not followed this, but 3600 bones buys a lot of grilled cheeses and i sure am hungry

hope this all works out

actually the bank will give you your $$ back.

if you owe the bank 200k and they sell the house for 250k you will get your 50k back.

in reality tho if you owe the bank 200k by the time they are done with charging you late fee's forclosure fee's you probably owe them 300k so you would not see a dime.

Dont they give the homeowner the profits after reposessing and selling the house? They keep what they are owed, the old owner got the rest? Thats the way I've seen it happen.

I always follow the rule of thought if you are investing in anything at all, be prepared to lose it all. The riskier the venture, will either make you wealthy or selling grapes at the street corner.

Original image posted by AlienQ
http://www.maxhardcore.com/images/avatars/teamfire.jpg
I had to add something.

A red x?