Will You Vote Manny Villar for President?

**badsekktor** · March 5th, 2010 11:45 AM

collateralized? people who dont even have their own homes???? what are they using as collateral? saliva?

**uls** · March 5th, 2010 11:59 AM

the homes are the collateral

the govt finance companies can foreclose the homes and sell them to other people

but still, finance companies would still prefer borrowers to pay their loans rather than end up in foreclosure

**badsekktor** · March 5th, 2010 01:08 PM

Originally Posted by uls

the homes are the collateral

the govt finance companies can foreclose the homes and sell them to other people

but still, finance companies would still prefer borrowers to pay their loans rather than end up in foreclosure

Ah i see....So the issue is that Villar is somehow forcing a sale and letting the government take the risk if the property will be foreclosed

**tabularasa** · March 5th, 2010 02:28 PM

Originally Posted by badsekktor

Ah i see....So the issue is that Villar is somehow forcing a sale and letting the government take the risk if the property will be foreclosed

There is no forced sale because it is the ordinary folks that would transact with the government regarding the property bought from Villar's real property. Parang bridge financing lang yan, once an ordinary Juan buys a low cost housing, he applies for pag-ibig loan and pag-ibig pays villar for the price of the lot and house and Juan now pays to Pag-ibig. In the event of default, pag-ibig forecloses the house and lot.

**Monseratto** · March 5th, 2010 02:57 PM

Originally Posted by tabularasa

There is no forced sale because it is the ordinary folks that would transact with the government regarding the property bought from Villar's real property. Parang bridge financing lang yan, once an ordinary Juan buys a low cost housing, he applies for pag-ibig loan and pag-ibig pays villar for the price of the lot and house and Juan now pays to Pag-ibig. In the event of default, pag-ibig forecloses the house and lot.

And who does the due diligence whether poor Juan can pay up?

**uls** · March 5th, 2010 03:36 PM

Ah i see....So the issue is that Villar is somehow forcing a sale and letting the government take the risk if the property will be foreclosed

di naman ganun

Villar's low-cost housing companies benefitted greatly from govt financing programs for low income home buyers

dami bumili ng bahay na gawa ng Palmera, Camella with loans from Pag-IBIG, NHMFC

**Monseratto** · March 5th, 2010 04:30 PM

Originally Posted by uls

di naman ganun

Villar's low-cost housing companies benefitted greatly from govt financing programs for low income home buyers

dami bumili ng bahay na gawa ng Palmera, Camella with loans from Pag-IBIG, NHMFC

Who determines the valuation of Villar's low-cost housing?

**badsekktor** · March 5th, 2010 04:36 PM

Originally Posted by uls

di naman ganun

Villar's low-cost housing companies benefitted greatly from govt financing programs for low income home buyers

dami bumili ng bahay na gawa ng Palmera, Camella with loans from Pag-IBIG, NHMFC

Ah i see so all that Villar did is to introduce very very low cost housing thru government financial institutions.

Anyway as business people always think.... always use your leverage to your advantage and I guess Villar is just doing what business people do.

I honestly admire the guy.... acquiring that much wealth and power when most of us would only dream of having.....

I really just dont see him as an individual doing honest public service....