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Author Topic: Need 25.000 EURO for two years, 10% interest/year, REAL ESTATE GUARANTEE  (Read 2422 times)
CoinThinker
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July 06, 2014, 02:28:39 PM
 #1

Hello everyone,

here's the deal: I have a nice house, composed by two houses in the same yard, and started to build a new one (for a personal office).

Thing is that I am in the middle of the construction, and I ran out of money. I would like to get a 25.000 EURO loan for a two year period so I can quickly finish up my office (before September, latest October).

I offer a 10% interest/year and as a guarantee I can offer another real estate (not some sh.t coins). This way the total return will be 30.000 EURO. The estates value is way above 100.000 EURO even between friends.

I am doing this only if you agree to make it perfectly LEGALLY, with documents, etc. and a bank account where I can transfer money too (so I have proof of the amount which I returned).

Please PM me (or write on the board), but ONLY if you have serious offers.


Thanks.

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July 06, 2014, 02:42:05 PM
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Go to a bank. This is not the place to ask for this type of loan
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July 06, 2014, 02:47:03 PM
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Very true.. and the bank would give you a much better interest rate.  Also, you seem OK with signing documents, so IMO, the bank would be the best way to go.
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July 06, 2014, 02:49:55 PM
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Unfortunately bank is not an option for me... living in a country where it's nearly impossible to get a bank loan (Romania). You need so many documents that it is hard to enumerate (among them, you need to be employed somewhere, which is not my case).

EDIT: I have trust in BTC, this is why I don't want a BTC loan... I am quite sure that in two years BTC will raise up like hell. I have some BTC at the moment, which I am not going to touch for 1-2 years more.

EDIT 2: By the way the bank interest rate is worse here also Smiley

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July 06, 2014, 04:23:07 PM
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Still DRK and monbux are right in that the bank is still an option for you in Romania. I have some interests there and if you're willing to put the ''REAL ESTATE GUARANTEE" in writing, I'm pretty sure every bank will be interested.

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July 06, 2014, 05:33:43 PM
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No, they are not... you need to proof with your "workbook" (that's a romanian stupidity), that you have a salary, and the rate can be only maximum 30% of your salary.

It doesn't matter if you have real estates worth of millions of EURO, they will not give you 1.000 EURO if you can't prove your salary. Sad

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July 06, 2014, 07:49:32 PM
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Unfortunately bank is not an option for me... living in a country where it's nearly impossible to get a bank loan (Romania). You need so many documents that it is hard to enumerate (among them, you need to be employed somewhere, which is not my case).

EDIT: I have trust in BTC, this is why I don't want a BTC loan... I am quite sure that in two years BTC will raise up like hell. I have some BTC at the moment, which I am not going to touch for 1-2 years more.

EDIT 2: By the way the bank interest rate is worse here also Smiley

Thats the problem you will find here. No one wants to part with their BTC for a Fiat loan. Maybe if you did a BTC type loan (btc in btc out) maybe, just maybe youll find someone. But if your looking for a big fiat loan, the bank is your best option. If I were to loan this amount in fiat, I too, would have to transfer my coin into fiat and I too have faith in btc and therefore would not do it.

Also, the banks here in the USA have similar restrictions. They have to have proof of income and will not go over a debt to income ratio. The only way around that is if you were to have at least 50 percent equity and then a bank probably wont do it, but private investors might. They would want you  to default so they can take your 50 percent equity. So, it looks like the world is the same with real estate loans after the 2008 bubble. It used to be easy to get a loan, 5 percent down and proof a good paying job got you a loan, hence the crash. people couldnt afford to pay their loans once the interest rates went up.
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July 06, 2014, 08:38:15 PM
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Unfortunately bank is not an option for me... living in a country where it's nearly impossible to get a bank loan (Romania). You need so many documents that it is hard to enumerate (among them, you need to be employed somewhere, which is not my case).

EDIT: I have trust in BTC, this is why I don't want a BTC loan... I am quite sure that in two years BTC will raise up like hell. I have some BTC at the moment, which I am not going to touch for 1-2 years more.

EDIT 2: By the way the bank interest rate is worse here also Smiley

Thats the problem you will find here. No one wants to part with their BTC for a Fiat loan. Maybe if you did a BTC type loan (btc in btc out) maybe, just maybe youll find someone. But if your looking for a big fiat loan, the bank is your best option. If I were to loan this amount in fiat, I too, would have to transfer my coin into fiat and I too have faith in btc and therefore would not do it.

Also, the banks here in the USA have similar restrictions. They have to have proof of income and will not go over a debt to income ratio. The only way around that is if you were to have at least 50 percent equity and then a bank probably wont do it, but private investors might. They would want you  to default so they can take your 50 percent equity. So, it looks like the world is the same with real estate loans after the 2008 bubble. It used to be easy to get a loan, 5 percent down and proof a good paying job got you a loan, hence the crash. people couldnt afford to pay their loans once the interest rates went up.

That's what confuses me. If he has 100,000 Euro equity tied up in the property they would certainly provide a 25000 Euro loan if its underwritten by the property? I mean any lender would provided the practicality of the loan.
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July 06, 2014, 09:49:48 PM
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It is a scam, just move on.

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July 06, 2014, 10:09:47 PM
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It is a scam, just move on.

I am sorry, but I DON'T tolerate any idiot to call me a scammer!!! I am probably one of the most honest person on this forum, so chose your words.

So if you accuse me of being one, then you better motivate your stupid opinion, if it's not too much to ask.

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July 06, 2014, 10:13:15 PM
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I attach here all the conversation with killerloop so everyone can see what he based on his "great judgement".

25000 eur loan
« Sent to: CoinThinker on: Today at 02:34:28 PM »
« You have forwarded or responded to this message. »
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I am willing to give you the loan at a nominal 10% year. Where are you located?


To this I have answered the following:

Re: 25000 eur loan
« Sent to: Killerloop on: Today at 02:38:17 PM »
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Quote from: Killerloop on Today at 02:34:28 PM
I am willing to give you the loan at a nominal 10% year. Where are you located?

I am a Hungarian living in Transylvania, Targu Mures (Romania).

But what you mean "nominal 10% year"? Hope there is no difference between nominal 10% and real 10% Smiley



Then he replied nothing more. Anybody can help me out to see where's the scam part???

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July 06, 2014, 10:26:15 PM
 #12

To RCHumphrey: I understand your confusion, but trust me things are working like that in Romania. The value of my real estates are not 100.000 EURO, they are a lot more, but it doesn't matter.

I send you a link (use Google translate to translate it to English).

http://www.bancatransilvania.ro/persoane-fizice/credite/credite-de-nevoi-personale/credit-pentru-nevoi-personale-garantate-cu-ipoteca-solutia-bt/

(btw. you can check any Romanian bank, and you will see the same thing).

So, if you scroll down, you will see a section where it says Documente necesare (necessary papers).

The first thing written there is: : adeverinta de salariu (which is your salary certificate).

It's just how it works in Romania unfortunately, there is NO CHANCE that any bank will give you 100 EURO without that no matter of what guarantees you posses. Loansharks are doing well for this reason, they charge 4-5% interest / month, but that is a way I will never go obviously.

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July 07, 2014, 04:30:48 AM
 #13

Hello everyone,

here's the deal: I have a nice house, composed by two houses in the same yard, and started to build a new one (for a personal office).

Thing is that I am in the middle of the construction, and I ran out of money. I would like to get a 25.000 EURO loan for a two year period so I can quickly finish up my office (before September, latest October).

I offer a 10% interest/year and as a guarantee I can offer another real estate (not some sh.t coins). This way the total return will be 30.000 EURO. The estates value is way above 100.000 EURO even between friends.

I am doing this only if you agree to make it perfectly LEGALLY, with documents, etc. and a bank account where I can transfer money too (so I have proof of the amount which I returned).

Please PM me (or write on the board), but ONLY if you have serious offers.


Thanks.
I can provide this, however it would be almost all of my life savings. I am here in the US which makes this deal quite hard I would assume. I also wouldn't do it for less then 15% / year. Since you live in Romania, extremely far from where I am, and I am no legal expert (more expense to it) I don't think we'll ever reach an agreement. Simply put, the costs of setting up such agreement being as far apart as we are would be the main problem here. Another issue - how do I claim the property easily when I am thousands of miles away should you default?

.







.
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July 07, 2014, 08:11:06 AM
 #14

I am sorry, but I DON'T tolerate any idiot to call me a scammer!!! I am probably one of the most honest person on this forum, so chose your words.

So if you accuse me of being one, then you better motivate your stupid opinion, if it's not too much to ask.

If you are looking for idiots/stupid then you will find a sure place in the mirror of your own home. I've signaled your post to the moderator for proper action.

You look like a scam because:

1) "I have a nice house, composed by two houses in the same yard, and started to build a new one (for a personal office).
Thing is that I am in the middle of the construction, and I ran out of money"
Where is it located? Pics? Relevant data? Anything?

Basically you began building a new house and got the necessary amount short by 25000 EUR. So what? Do you have a loan with the bank you cannot repay? Are you about to lose it due to debt with the building company?

2) "Unfortunately bank is not an option for me... living in a country where it's nearly impossible to get a bank loan (Romania). You need so many documents that it is hard to enumerate (among them, you need to be employed somewhere, which is not my case)."

So you have a nice house, start to build a new one and misfire by 25k euro. You are unemployed yet you can somehow raise 30000$ to repay investors. Ahem... how?

3) You have an outburst of rage when caught.

Loan request: "I need 7 BTC because We hired an archaelogist and asked him: Is there a treasure? And he said yes!"
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July 07, 2014, 08:14:02 AM
 #15

KingOfSports, this is a difficult question.

Here is how the setup would be done if you were here: every house in Ro has a CF (carte funciara), which is like an ID card of the house. In this ID card it's written who is the owner, but also if the house has any obligation on it (for example if you have rented out to someone, or if you are using it as a guarantee, etc.). Btw. mine is totally free of obligation.

Next step would be that we would go to a public notar (I don't really know the terminology for it, but it's like an impartial advocate, who authenticate documents). There we would sign a deed in which we state that you will transfer the money to my account and in exchange I will return the money within 2 years, having my property as a guarantee. Then in the ID card of the house will automatically show up this fact, so the house can NOT be transferred, sold, donated, used as an another guarantee, or whatsoever, until it's free of obligations. In case of not returning the money, claiming it is very easy, because this deed has included an executory title, meaning that you just can turn to the local court to execute the property.

So this is how it would work if you were here. I am however puzzled by how it can be arranged this from the distance. I am sure it can be (for example you send me your info, I will make all these on my end, and we put a closure in the agreement that my declaration at the public notar will be null, unless you will transfer the money within one weeks I sent you the documents). Obviously the problem would be that I make this at the public notar, send you all the authenticated docs, and then you don't send the money, so such closure must be included.

I will have to ask around anyway, to make sure that what I wrote above is perfectly legal (it's just a guess at this point, but seems legit as I am thinking about it).

15% is a bit higher than I wanted, so I will wait a little bit more to see if anyone is ready to do it with 10%. If not, then the amount I would like to have is 23.000 EURO (instead of 25.000 EURO), because I don't want to exceed the 30.000 EURO I have to give back in two years. (that would be an average 1.250 EURO  / month, which is in my comfort zone, but don't want to play around as it's a lot in stake for me and my family).

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July 07, 2014, 08:31:39 AM
 #16

Killerloop, I just described the overall situation. I hope you understand that I will not start sharing pictures of my house, and my family in public, but whoever is interested and asks for it, can get them (with whatever they want to be written on it). It is located in the center area of the city Targu Mures (there was a yard where there were two houses and a plot of almost 900 square meters). First I have purchased the first house and then the second in the same yard, so everything is mine, then started a very very big renovation (they were old houses), and have rebuilt them.
Then I started to build a new 2 floor house in the same yard, which I wanted to use as a personal office myself.

And yes, I am unemployed, never was employed in my life. I am a brilliant programmer, built HUGE websites (unfortunately not for myself), but never for Romania (most of my clients are in Germany, Unitek Kingdom, Sweden, US. I am working as a freelancer, doesn't have a workbook therefor (getting paid different amount in different timeperiods, etc.).

And no, the house or anything else is not about to be taken by the bank. That's really easy to see, because as I explained above each house has an ID card, and if there were ANY obligation to it, they would appear in it. It's just that the cost of the renovation for the other two houses and building the new one were higher than estimated.


And getting back to the accusations you have made: in case that some information you were interested in were missing, wouldn't be more logical to ask them from me before drawing the conclusion that I am a scammer?Huh This fact also makes you ignorant... because ONLY ignorant people think about themselves that they know everything, and they can be so certain about themselves that they just can complete the missing pieces in a case they have no clue about without asking at least the other party.

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July 07, 2014, 09:01:20 AM
 #17

Killerloop, I just described the overall situation. I hope you understand that I will not start sharing pictures of my house, and my family in public

I do not. This is your "claimed" guarantee, so you need to show it and in proper detail if you are serious.

And yes, I am unemployed, never was employed in my life. I am a brilliant programmer, built HUGE websites (unfortunately not for myself), but never for Romania (most of my clients are in Germany, Unitek Kingdom, Sweden, US. I am working as a freelancer, doesn't have a workbook therefor (getting paid different amount in different timeperiods, etc.).

Provide proof, provide proper meaning of paying 30000$ + living expenses. Show us why you can't simply work your way out of these 25000$ and why you need all of them right now.

And no, the house or anything else is not about to be taken by the bank. That's really easy to see, because as I explained above each house has an ID card, and if there were ANY obligation to it, they would appear in it. It's just that the cost of the renovation for the other two houses and building the new one were higher than estimated.

I do not believe you. Any financial institution would take real estate worth 4x times the loan given out as a guarantee.
Also you said that you bought TWO houses! Some bank has to know you from these dealings and will trust you for such a "tiny amount".

If this is not the case then you are somehow evading taxes or doing some weird number with money. I'll take back the scammer and change it with "criminal".

And getting back to the accusations you have made: in case that some information you were interested in were missing, wouldn't be more logical to ask them from me before drawing the conclusion that I am a scammer?Huh This fact also makes you ignorant... because ONLY ignorant people think about themselves that they know everything, and they can be so certain about themselves that they just can complete the missing pieces in a case they have no clue about without asking at least the other party.

You provided all the clues I need in the first post and keep digging down with. You aren't fooling anyone.

Loan request: "I need 7 BTC because We hired an archaelogist and asked him: Is there a treasure? And he said yes!"
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July 07, 2014, 09:21:33 AM
 #18

Killerloop, you are really not reading what I am writing. Search for Romanian banks (I have provided one link above), they ALL require a "adeverinta de salariu", which is your workbook (in Ro every employee has a workbook). If you don't belive Google ANY romanian bank (the biggest ones are Banca Transilvania, BCR, BRD, Bancpost, OTP, ...)

In case you don't have that -workbook-  (as you are not an employee), then it does NOT matter what guarantees you have, as having the workbook is one of the condition to get a loan. You understand?
EDIT: Romanian National Bank introduced a few years ago some VERY VERY strict conditions in getting loans after a while that it was quite easy to do that.

Anyway, I am done explaining to you, it is obvious that you are tendencious and I don't care about your opinion. What I really hope is that I find someone interested nearby, who knows the realities of this country, eventually lives here, and understands the situation, has the necessary money and wants to close a deal like this.

As far as I am concerned, I think that you:
1. don't live nearby and clearly doesn't understand the realities of this country
2. don't understand (or don't want to understand) the situation (all you do is keep making accusations, one after each other towards a person you don't know anything about)... But hey, that's OK, because if one lives in Romania, then it must be a scammer or criminal, right? Problem with this tagging is that while in some cases are true, in most cases are not. If I stay to think about more I was actually scammed by someone who lives in the UK, so go figure that... how the world is looking with tagging persons just like that. I haven't choose to born here (and basically we are a Hungarian family, and some while ago the city I am living was belonging to Hungary... but WW redraw the borders, and we woke up in Ro).
3. obviously you are not interested in closing a deal like this with me, so really don't understand why spending so much time. Take it easy, I am sure that anyone who is interested will go trough all the papers in details, etc.

If someone interested in closing the deal will need a critical eye too, to try to spot the problems or a scam, I will tell him to involve you also, as you are the most critical person towards me on this forum and this way it's guaranteed that nobody will go naively into a trap. I promise this in public, if you accept it of course.


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July 07, 2014, 09:50:36 AM
 #19

Killerloop, you are really not reading what I am writing. Search for Romanian banks (I have provided one link above), they ALL require a "adeverinta de salariu", which is your workbook (in Ro every employee has a workbook). If you don't belive Google ANY romanian bank (the biggest ones are Banca Transilvania, BCR, BRD, Bancpost, OTP, ...)

I do not understand the language. Is there an english version somewhere?

Anyway, I am done explaining to you, it is obvious that you are tendencious and I don't care about your opinion.

Like I care about what you think. I am just pointing out holes in your plan.

1. don't live nearby and clearly doesn't understand the realities of this country

Nor do I care.

2. don't understand (or don't want to understand) the situation (all you do is keep making accusations, one after each other towards a person you don't know anything about)... But hey, that's OK, because if one lives in Romania, then it must be a scammer or criminal, right?

Never said that. Stop talking bullshit and start giving what is due IF you are legit.

3. obviously you are not interested in closing a deal like this with me, so really don't understand why spending so much time.

Only an idiot would pass up on 25k$ @ 10% year backed up by real estate worth 4x. However you look like a scam not due to your place of birth but your behaviour alone.

At the moment you look like an enraged beggar. Do you understand HOW MUCH are you asking? Well, lending in this forum must be done at 0% PRACTICAL risk to the lender. This is why we ask for 110-120% collateral.

Can you arrange this on your own expense and time? Prove it then, prove your worth.

Loan request: "I need 7 BTC because We hired an archaelogist and asked him: Is there a treasure? And he said yes!"
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July 08, 2014, 01:55:07 PM
 #20


 Stay away from eastern Europe, Africa, Central and South America most of Asia and Middle East unless you want to live there, only regions still good to invest in are Western European and colonies, USA.

 Eastern Europe no good.


Care to explain why?

Loan request: "I need 7 BTC because We hired an archaelogist and asked him: Is there a treasure? And he said yes!"
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