Sorry Bodo, don't shoot the messenger -you have my sympathy. However, if you have a mortgage & the house falls down, you go after the builder but still owe the bank. If there was something in the loan document that negates the loan in any circumstances, then that's great, and if the builder is also the lender, then also great. My point is simply that if neither of these applies, then the bank's shareholders will rightly expect the loan to be collected. Good luck.
GTP Price at posting:
12.0¢ Sentiment: Sell Disclosure: Not Held
