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El blog de Maria

Your daily Spanish Law reporter. Have it with a cafe con leche.

Legal tip 1215. Mortgages of the future--- a Princeton view
08 October 2014 @ 15:28

Much looking forward to reading this book: 

Authors ( Princeton guys) are proposing flexible-debt programs. I would called them "person centered debt programs" 

One of them is shared-responsability mortgages. These loans will protect homeowners if the house market crashes. How? By including an agreement by which the principal of the loan and mortgage payments would decrease if home prices in an area devalued

As a compensation, Banks would receive an upfront fee and a 5% of capital gains if the borrower sells with profit.

People/ Reality centered economists, keep coming!


A PDF paper of the author here

Bello Pueblo de Conil de la Frontera.....en La Janda Litoral, Conil, Cádiz, Costa de la Luz, South western Spain, by Manuel Acebedo, at





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