jstar
Mr. 10,000
- Joined
- Jul 31, 2016
- Messages
- 5,305
Correct me if I'm wrong Steve, but as far as I understand in this case (as in other nominee structures), there is a mortgage that the official owner got and has to pay. And there is also a power of attorney from owner to WNA which gives the 'foreigner' the right to decide or veto what happens with the land (e.g. when to sell, make kavlings, ....).
The danger would be that the land price increases so much, that it becomes interesting for the official owner to pay back the mortgage in full. And then sell the land without any permission of course.
The danger would be that the land price increases so much, that it becomes interesting for the official owner to pay back the mortgage in full. And then sell the land without any permission of course.