From: AlleyCat <katt@gmail.com>
Newsgroups: alt.fan.rush-limbaugh,can.politics,alt.politics.trump,alt.politics.liberalism,alt.politics.democrats,alt.politics.usa.republican
Subject: This Is How Stupid, Or Communistic, Liberal Cangaydian Are - They Think Banks "Own" the Properties They Lend On
Date: Fri, 14 Nov 2025 00:45:28 -0600
Organization: AlleyCat Computing, Inc.
On Thu, 13 Nov 2025 11:55:18 -0800, Alan says...
> > How many Hotels and Golf Courses do YOU own, poor Usenet troll?
>
> How many does Trump actually own and not the banks who hold the mortgages?
LOL...
So sad.
6, and 15 respectively.
Also... stupid:
Banks don't "own", just because they hold the mortgages... they hold liens.
In a mortgage agreement, THE BANK OR LENDER DOES NOT "OWN" THE PROPERTY.
Instead, they have a LIEN ON THE PROPERTY.
A lien is a legal claim or security interest that the lender holds on the
property, which serves as collateral for the loan. This means that if you
default on your mortgage payments, the lender can take possession of the
property and sell it to recoup their losses.
In a mortgage, THE BORROWER (YOU) STILL RETAINS OWNERSHIP OF THE PROPERTY, but
the lender has a secured interest in it. This secured interest gives the
lender the right to:
Foreclose: Take possession of the property if you default on payments.
Sell the property: Sell the property to recover the outstanding loan balance.
So, while the bank has a significant interest in the property, THEY DON'T
"OWN" IT. You, as THE BORROWER, HOLDS THE TITLE AND OWNERSHIP OF THE PROPERTY,
subject to the lender's lien.
OK, idiot... time to rationalize why I just snout smacked you so hard, your
boyfriend felt it.
Gahead... let's see you dance.
Extry points for a moonwalk!
https://i.imgur.com/qa4B7AV.mp4