You've got it eMark...so it's only the recourse debt that becomes a major problem if there is any shortfall in debt repayment and/or interest owed after the asset has been sold.
However, don't think that a bank won't hold excess funds if it is owed in other areas and if it feels it is about to get screwed over.
They'll play the legal game and hold the funds for 7 years or so as the matter gets debated in the courts.
When the fan starts to drip with you know what...it's every man for himself and possession is 9/10ths of the law!
But...the more I study BBI...we really are getting spooked by the shadows here.
I'm still waiitng to buy my BEPPA.
BBI Price at posting:
8.3¢ Sentiment: None Disclosure: Not Held
