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**ayWCZ7VT** · 08-28-2012, 04:51 AM

I think this is nonsense.

The only thing you can create by your signature is a debt. That obligation is only as good as the honor of the person who created it.

Maybe what you're really doing is paying to use the bank's creditworthiness. Instead of your signature being a debt to the seller, it is instead a debt to the bank and the bank then has a debt to the seller. Since the bank has so much credit, they can simply take other people's deposits which they've been entrusted with and pay the person selling the house.

08-28-2012, 04:51 AM	#5
ayWCZ7VT Join Date Oct 2005 Posts 411 Senior Member	I think this is nonsense. The only thing you can create by your signature is a debt. That obligation is only as good as the honor of the person who created it. Maybe what you're really doing is paying to use the bank's creditworthiness. Instead of your signature being a debt to the seller, it is instead a debt to the bank and the bank then has a debt to the seller. Since the bank has so much credit, they can simply take other people's deposits which they've been entrusted with and pay the person selling the house.
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