This time, Marshall, deputy general manager of the FRANCE, did not come forward. Matt, the leader of the loan department, received Xiao Yifei. Soon, Xiao Yifei knew why Marshall did not come forward.

"Mr. Xiao, we suggest you withdraw the loan amount at one time."

Xiao Yifei is about to jump. His expected transaction volume is over 100 million, and the loan amount is 200 million. If the negotiations are not going well and it will be delayed until the end of the year, he will not need to borrow at all. The half-year interest of 200 million is several million.

Seeing that Xiao Yifei was about to be angry, Matt immediately said, "Mr. Xiao, don't be angry for now, listen to my analysis for you."

"First of all, you both have transaction intentions now, so the negotiation process is likely to be very fast. Now the vineyards are entering the most critical flowering and fruiting management. Whether they continue to control the negotiations fail or if the negotiations are successful, you need to seize the time. The vineyards cannot be delayed, which will affect the harvest of the year."

Xiao Yifei could only agree with him. Indeed, the sooner the deal was reached, the more calm the people's hearts would be. Otherwise, if a negligence would cause a significant reduction in profits that year.

"So I guess you can reach a deal between one and a half months to two and a half months at the earliest. At this time, your auction payment will definitely not be received."

Xiao Yifei now understood some of the situation. Knowing that Matt was telling the truth, he could only nod his head again.

"The most important thing is that once a contract is signed, Bo will definitely ask you to pay immediately, and there will never be a delay in payment for several months."

Xiao Yifei knew that this possibility was very high. Compared to this last year, they were cheated by the French. A few months later, they said they had no money to pay and canceled the contract, which made Bo only receive a few million compensation.

"But I just delayed it for two months, and I can get the money after the autumn auction."

"Mr. Xiao, don't mind. In the current economic environment, for all the owners of artworks, you must be prepared to fail to take photos when sending them. This is the most correct decision."

The auction has not started yet, so why do people who meet me say that it is a failure? Is this a curse?

"Then I'll borrow 40 million first, and then lend it after the transaction amount is determined."

The manager will definitely stop doing it.

"Mr. Xiao, your loan is a secondary loan, and it is an expanded loan with the same collateral, so our approval procedures will be very troublesome."

"Ah? Didn't I say I could borrow 200 million yuan? Didn't I say I could get it done in one day?"

"Yes, but 200 million is the maximum loan amount. You asked for 40 million for the first time, which is within this amount, so we can pay you tomorrow, or even give it to you now. But if you still need a loan, it won't work."

It turns out that in the United States, there can be several loans for a unified mortgage, which can be loaned to the same institution or loans provided by different institutions. However, if there is a problem with any loan, the lender of that loan can initiate an auction. After the transaction is completed, the new buyer must also bear other debts.

There is such a case for everyone.

In 2012, a netizen encountered a commercial auction in Los Angeles, which contained a commercial facility and was very interested in it. But the auction started at 2 pm, and he saw the auction notice in the morning. The general idea was that the property here belonged to Company A. After evaluation, the property was worth 1.5 million. The reason for the auction was that Company A had a loan of US$100,000 generated when he purchased the property in 2009 and was overdue, so the lender initiated the auction, with the starting price of 130,000 yuan.

At this time, the netizen went to the website to find information and found that this company A had only the debt, and it was indeed mortgaged with this property. The netizen knew that the auction price of commercial real estate like this was generally 60% of the estimated price. This is equivalent to being able to buy an asset of 1.5 million for hundreds of thousands, which is of course a big bargain.

Yu this netizen excitedly raised funds everywhere and came to the auction venue with a check of 500,000.

When he arrived at the venue, he found that many of them were agents, agents or lawyers, but because he was in a hurry and had no preparations, he was careful.

Other assets auctioned at the same time were auctioned, but when it was the turn of this property, fortunately, the netizen was smart, so he decided to wait for others to take action. However, no one raised the sign, so the property here announced that it would fail to sell and continue to auction tomorrow.

The more this netizen thought about it, the more something was wrong. After coming back, he searched for information about commercial real estate everywhere and went to various paid websites to search. Finally, he finally found out that this was not a big cheap place, it was clearly a commercial fraud.

The problem was not Company A, but Company B, which was sold to Company A's real estate in 2009.

This real estate was bought by Company B in 2005. At that time, Company B mortgaged 4.2 million yuan to the bank, and the loan was the first loan mortgaged by this property. When Company A bought all the property rights in 2009, the sales contract stipulated that 4.2 million yuan of debts were inherited, but the mortgage was not revoked. Company B borrowed 100,000 yuan from the lending institution was actually the second loan mortgaged by this property.

There is a trap here. If the lender of the first loan, that is, the bank initiates the auction, the purchaser will not have to be responsible for the second loan. But now the lender of the second loan, and the lender initiates the auction, the purchaser will have to be responsible for the two loans.

In other words, once someone thinks it is a big cheap and can buy the property at a 60% discount, and after the auctioneer announces the start of the auction, the auctioneer will definitely take the opportunity to knock the hammer. This seems to have bought a property of 1.5 million for US$130,000, but in fact, there is still 4.3 million in debt transferred to the buyer.

The netizen then investigated and found that the scam was operated by a lawyer. The lawyer himself formed Company B, and the surname of the registrant of Company A was the same as the surname of the registrant of Company B. The address of the auction company and the lending institution for the second loan was the same. In other words, except that the lawyer was the mastermind, the auction company and the lending institution were also accomplices.

As for the bank that made the first loan, it should be the victim. Although the bank would lend $4.2 million to the property, which was estimated to be 2.5 million, this was actually the lawyer's method.

When banks evaluated loans, they had a formula, which was how many times the amount of commercial real estate capacity was loaned. For example, the annual rent was 200,000 yuan, and the value of this property was about 3.5 million yuan. The lawyer took advantage of this loophole and rented the property to his vest company. In this way, he would have to pay for his left waist and his right waist, which was awesome to lose thousands of taxes. Compared with the income, this little money was simply drizzle.

This scam was not originally targeted by people like netizens. They target professional intermediaries who know how to study data. Their tampering is on time. I send a notice in the morning and auction it in the afternoon, and it is so tempting, and the purpose is to make people anxious. Professional intermediaries only charge money if they succeed in buying, so subjectively the agency wants to buy it successfully. If the buyer accidentally finds the property he likes and hurriedly instructs the intermediary to go and take a photo, and the time is not enough, the probability of being caught is not low, because these information is buried very deeply and must be checked from paid websites.

Don't think that this is just an isolated case. In fact, this is called Title Fraud. There are so many such frauds that insurance companies have an insurance called Title Insurance (Title).

Insurance) is to provide everyone with this kind of fraud.

Moreover, not only can a property be mortgaged multiple times, but also the added value can be mortgaged. For example, a house was only worth 500,000 yuan in the past, so the mortgage loan reached 300,000 yuan. After a few years, the world has improved and the house has appreciated, but now it is worth 800,000 yuan. Then the added value of 300,000 yuan can be mortgaged again, and 200,000 yuan will be borrowed.

Going far, let's go back to the main text.

Xiao Yifei’s understanding of the contract is that I don’t exceed 200 million yuan anyway, and you will bring it to me. But the bank does not understand it this way. The bank’s understanding is that I give a quota of 200 million yuan. If you only have 40 million yuan, within the limit, then I will approve it and the agreement will be fulfilled.

You also want to have a loan, you can. Your oil painting is worth more than 200 million yuan, and the first time it only costs 40 million yuan, and it is still worth it, and you can also make a second mortgage. But this is the second loan, and we must go through the process in full, which will take time.

Well, this is another pit, and it is a blatant pit. In fact, this cannot be considered a trap for Fuguo. At that time, no one expected that the Expo required to see so many deposits before negotiating. Originally, before the purchase negotiation, some did not need to pay a deposit, or only a 2% deposit was required (the more than 2 million yuan of Xiao Yifei was enough to pay.) But the Expo asked for a deposit of about 40%, which turned into a pit.

If you change to someone else, such as a big company, you will definitely not want so much. The main reason is that Xiao Yifei has no industry now, which is equivalent to being fooled by empty words and white teeth. Moreover, this situation is not an embarrassing thing that can be solved by purchasing a winery. Xiao Yifei put himself in his shoes and thought that if it were him, he would probably have a high deposit ratio to avoid being fooled and cheated.

"Then I'll have a loan of 100 million."

"Xiao, I suggest you use the credit limit."

"Why? Why? I'm using so much money, I can't use up all the purchases, and I still have the auction money."

"The auction payment is just the estimated income and has not been obtained yet. Our bank has conducted an assessment and the amount of your transaction will be between 110 million and 140 million yuan, and there will be repair fees, operation fees, etc. later."

Xiao Yifei only thought of this at this time that he had just said that the negotiations were expected to take 1.5 months to 2.5 months, and now he said that the transaction amount was expected, and he immediately asked:

"What are you evaluating this?"

The manager smiled, "Our bank must evaluate the risks of each loan, and some of them will even send people to join the loan company to supervise the use of loans."

"Ah? Isn't it mine to get the loan to me? Do you still have to care about the purpose?"

"This is of course. We must ensure that the loan will not be used in the right place and that the funds must be secure."

Isn’t this just sending a military supervisor? “You won’t send someone to me too.”

"Won't."

Of course not, you will definitely wish I could not pay it back. The oil paintings belong to you, and Picasso and Sunflower are definitely more than 200 million.

"Xiao, you should be glad that many companies and individuals outside want to borrow from us, we have not approved it. You should really use the limit completely."

"The problem is, I will borrow 200 million yuan from you. If the oil painting auction is more than 100 million yuan, I will not only depreciate but also pay interest if I put it there."

"You can invest, buy a house, buy a winery, or buy a vineyard. If you don't want to do this, you can just transfer the loan to others. Anyway, the interest you get is very favorable, and you can still earn interest spreads. Or you can entrust financial management. Our wealth management services are very good, and we guarantee that we can find good projects for you."

Don’t think that I don’t know. If you don’t want to lend to others, aren’t you afraid of risks? I will just lend to others. Isn’t it just for me? If you don’t have any risks, you will definitely not feel hurt when you speak.

Regarding entrusted financial management, Xiao Yifei is still worried about handing over his funds to others to control. Buying vineyards and wineries is a good idea to expand the scale. Invest in buying a house? The winery has a house and there are tens of millions of dollars. How many houses do you have to buy? The real estate tax is a large amount of money every year. I won’t consider this for the time being. Buying gold? Should it be OK?

"Or why don't you buy stocks? Didn't Obama say that buying stocks is probably a good idea in March? Hahaha."

Another person interrupted, "Don't say it, he's right this time, you see that the stocks are rising now..."

March 2009 was the worst time for all stocks. The S&P 500 index in the United States fell 666 points, and the stock market began to rise after that.

Just when buying stocks, he just arrived in the United States and was completely disgraced at the US stock market and didn’t know anything. At present, he only knew that Fuguo and Sosby did not conduct specific investigations, but it was probably a sideways consolidation. Sosby was at the worst time in March when the stock market was over 6 US dollars, and now it has risen a little, reaching $8. If there is no big surprise, it will probably be the same as the US stock market, and it will be a sideways consolidation for a long time.

Xiao Yifei felt something was wrong, and he seemed to have overlooked something.

Xiao Yifei thought carefully.

Yes, all of my six paintings are going to be on the autumn auction. Isn’t this a major benefit for Sosby? Xiao Yifei took out his notebook and looked at the bottom price given by Sosby. The total price of the six paintings reached 170 million US dollars. It’s okay to have a little bit more force, and it’s okay to have more than 200 million US dollars. However, London autumn auctions are usually three games, and the others are a little harder, and the total amount is more than 400 million. According to Jensen, this will give the stock price a dose of heart. Then you can definitely make some money by the way. Just Jensen, if you don’t explain the auction time clearly, you will suffer a loss. Now you have become a shareholder of Sosby and let him work for yourself. Humph, so you won’t explain it clearly.

However, this matter cannot be made hastily, and more information is needed to be discussed.

"I need to think about it, we will continue to talk tomorrow afternoon."

Xiao Yifei locked himself in the hotel room, carefully checked the information, and called indirectly to ask about some of Jansen's situation. Finally, he asked directly:

"Jensen, do you know that shareholder Sosby has the intention to sell stocks now?"

"Xiao, do you want to buy Sosby stock?"

“Thinking.”

"There is definitely there. You also know the financial crisis and the stock plunge of Sosby last year this year. Although it has risen a little now, no one knows when the crisis will pass. You can think it through yourself."

Xiao Yifei has already thought about it. He thinks that the more financial crisis the auction industry is, the more profitable it is. Because in such a financial crisis, some people will lose money and others will make money. Those who make money will definitely not be able to invest a large amount of funds in the purchase of industry when the prospects are unclear. The cost of retaining cash is too high, and artwork may be an opportunity. Moreover, those who lose money will also take out many collections to auction to make up for their losses in other aspects.

Xiao Yifei considered the risks, but in the end he gritted his teeth. Anyway, the oil paintings were in vain, and these four copies were classified by him as one he didn't like. Anyway, if the oil paintings were not loaned and the oil paintings became those of others, and they were not liked in vain, then let's take a gamble.

So the next day, Xiao Yifei borrowed 200 million yuan from Wells Fargo. His psychological price for acquiring the winery was 120 million yuan, and he could still have 80 million yuan left.

After all, this 80 million is a loan from Fuguo. Although the purpose of the loan was not agreed on in the contract, in order to avoid trouble, he still greeted Fuguo. The loan manager evaluated Xiao Yifei's acquisition of Sosby's stock, and felt that even if the money was a loss, it would not have much loss. So he also issued a supplementary agreement, agreeing that Xiao Yifei used the loan to purchase stocks.

Xiao Yifei officially notified Jansen of his decision.

"Xiao, I asked you for your request. There are two directors who are willing to sell the stocks they have, but they will definitely have to acquire them at a premium."

"I know this."

Premium acquisition is a must. Now Sosby's market value is only more than 600 million yuan, but stocks cannot be bought as long as you want. The stock market trades only a few hundred thousand yuan every day. It takes 80 million yuan to get it. Moreover, this kind of market acquisition is too eye-catching and it is easy to raise the stock price and is investigated by the China Securities Regulatory Commission.

"Then you come here to negotiate as soon as possible."

"This may be a bit troublesome. You should know that the negotiations for the acquisition of wineries in my house are about to begin. In my opinion, wineries are much more important than stocks, so it is impossible for me to leave here."

"Okay, I'll discuss with them to see if I can go to California for negotiations."

.

This case is a bit far-reaching, but he was not here, but I planned to go there in 2012 because the netizen discovered that it was in 2012. But finally, I thought about it and thought that if my work is favored by the editor, wouldn’t it be a fraud to subscribe to everyone? It would be better to put it in the free chapter now.

And there is another one here to respond to some book friends who think that a acquisition negotiation will take several months and think that the pace is too slow. In fact, this matter cannot be fast. Tens of millions of acquisitions are not something that can be solved in a big way. Even if you buy a ranch, you have to test hardware conditions such as land, pests, small vertebrates, as well as legal aspects such as debt, water rights, and easements. If there are cattle and sheep, you also need to have quarantine, testing, etc. Otherwise, you are waiting to go bankrupt.
Chapter completed!