This time, Marshall, the vice president of Wells Fargo, did not come forward, and Matt, the head of the loan department, received Xiao Yifei, and soon Xiao Yifei knew why Marshall did not come forward.

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

Xiao Yifei is about to jump to his feet, his estimated turnover is hundreds of millions, and the loan amount is 200 million, in case the negotiation does not go well, it will drag on until the end of the year, he will not need a loan at all. The half-year interest of 200 million is several million.

Seeing that Xiao Yifei was about to get angry, Matt immediately said: "Mr. Xiao, don't be angry first, listen to me give you an analysis." ”

"First of all, this deal, both of you are interested in trading now, then the negotiation process is likely to be very fast. Now that the vineyard has entered the most critical period of flowering and fruiting management, whether the negotiation fails and they continue to control, or the negotiation is successful and you take over the winery, you need to hurry up, the vineyard can not be delayed, which can affect the harvest of the year. ”

Xiao Yifei can only agree with him, indeed, the sooner the deal is reached, the more it can calm people's hearts, otherwise a negligence will greatly shrink the profits of that year.

"So I guess you'll be able to make a deal in between a month and a half and two and a half at the earliest. And at this time, your auction money will definitely not arrive. ”

Xiao Yifei now understands some of the situation, and knowing that what Matt said is the truth, he can only nod again.

"The most important thing is that once the contract is signed, Bo will definitely want you to pay immediately, and will never allow a delay of several months."

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

"But I'm only delaying it for two months, and I'll get the money after the autumn auction."

"Mr. Xiao, don't mind, in the current economic environment, for all owners of artworks, they must be prepared for unsuccessful auctions, which is the most correct decision."

This auction hasn't started yet, and the people I met are saying that the auction is unsuccessful. It's a curse, isn't it?

"Then I'll borrow 40 million first, and then borrow the rest of the money after the transaction amount is determined."

The manager is definitely quitting.

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

"Huh? Didn't you say that I could borrow 200 million? Doesn't that mean you can do it in a day? ”

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

It turns out that in the United States, a unified collateral can have several loans, which can be loans from the same institution or loans provided by different institutions. But if there is a problem with any loan, then the lender of that loan can initiate an auction. After closing, the new buyer must also take on other debts.

There is such a case for everyone.

In 2012, a netizen came across a commercial auction in Los Angeles, and there was a commercial facility in which he was very interested. But the auction started at 2 p.m., and he saw the auction notice in the morning. The gist of it is that the property here belongs to Company A, and after appraisal, the property is worth 1.5 million. The reason for the auction was that Company A had a loan of $100,000 that had been overdue when it purchased the property in 2009, so the lender initiated an auction with a starting price of $130,000.

At this time, netizens went to the website to find information, and found that this company A did only have this arrears, and it was indeed mortgaged with this property. And this netizen knows that the auction price of commercial real estate like this is generally 60% of the appraised price. This is equivalent to being able to buy 1.5 million assets with hundreds of thousands, which is of course a big bargain.

Yu This netizen excitedly went around fundraising and came to the auction venue with a check of 500,000 yuan.

When he arrived at the venue, he found that many of them were intermediaries or agents or lawyers, but he was in a hurry and didn't prepare anything, so he kept an eye on it.

Other assets auctioned at the same time were auctioned, but when it was the turn of this property, thanks to this netizen's cleverness, he decided to wait for others to do it again. However, no one raised the card, so the property here announced that the auction would be unsuccessful, and the auction would continue tomorrow.

The more this netizen thought about it, the more wrong it became, and after coming back, he looked for this commercial real estate information everywhere, went to various charging websites to find it, and finally found out that this is a big bargain, which is clearly a commercial fraud.

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

The property was purchased by Company B in 2005. At that time, Company B mortgaged $4.2 million to the bank, and this loan was the first loan secured by the property. In 2009, when Company A bought all the property rights, the sales contract stipulated that it would inherit a debt of 4.2 million, and the mortgage was not revoked. The loan of 100,000 yuan borrowed by Company B from the lending institution was actually the second loan secured by the property.

There is a trap here, if the lender of the first loan, that is, the bank initiates the auction, then the purchaser is not responsible for the second loan. But now it's the second lender, and the lender initiates the auction, so the purchaser is responsible for both loans.

That is to say, once someone thinks that this is a big bargain and can buy the property at a 6% discount, and raises the card after the auctioneer announces the start of the auction, then the auctioneer will definitely take advantage of the trend to hammer the hammer. In this way, it seems that 130,000 US dollars can buy a property of 1.5 million, but in fact, 4.3 million debts have also been transferred to the buyer.

The netizen then investigated and found that the scam was operated by a lawyer, and the lawyer himself formed Company B, and the surname of the registrant of Company A and the surname of the registrant of Company B are the same. And the address of the auction company and the lender of the second loan is the same. In other words, in addition to the lawyer being the mastermind, the auction company and the lending agency are also accomplices.

As for the banks of the first loans, they should be the victims. Although the bank lent $4.2 million to the property, which was assessed at $2.5 million, this was actually the lawyer's modus operandi.

When the bank evaluates the loan, they have a formula, that is, how many times the amount of commercial land capacity loan is the rent, for example, the annual rent is 200,000 yuan, then the value of this set of real estate is about 3.5 million. The lawyer took advantage of this loophole and rented the property to his vest company, so that he would lose thousands of taxes anyway by putting his left pocket out of his right pocket, which was a drizzle relative to the income.

This scam was not aimed at people like netizens, they were aimed at professional intermediaries who knew how to research information, and they did it in time. The announcement is issued in the morning, and the auction is held in the afternoon, and it is so tempting that the purpose is to make people anxious. If the buyer stumbles upon the property and hurriedly instructs the agent to bid for the auction, and the middle is unable to conduct an in-depth investigation due to lack of time, then the probability of winning is not low, because these materials are buried very deep and must be queried from the paid website.

Don't think this is an isolated case, it's actually called title fraud, and there are so many of them that the insurance company has an insurance called title insurance

Insurance) is provided to everyone to deal with this kind of fraud.

And not only can a property be mortgaged multiple times, but also the value-added part can also be mortgaged. For example, a house used to be only worth 500,000, so the mortgage was 300,000. After a few years, the world got better, and the house appreciated, and now it is worth 800,000. Then the increased value of 300,000 yuan can be mortgaged again and 200,000 yuan can be loaned.

Let's get back to the text.

Xiao Yifei's understanding of the contract is that I don't exceed 200 million anyway, and you have to bring it to me. But that's not how banks understand it. The bank's understanding is that I gave a limit of 200 million, and you only need 40 million, within the limit, then I will approve it, and this agreement will be fulfilled.

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

Yes, this is another pit, and it is a blatant pit. In fact, this can't be regarded as a rich country pit person, probably everyone didn't expect that the expo would require so many deposits before they could negotiate. Originally, before the purchase negotiation, some did not need to pay a deposit, or only needed to pay a 2% deposit, (this money Xiao Yifei's more than 2 million is enough to pay.) But Beau asked for a deposit of almost 40 percent, and that became a pitfall.

If you change someone else, such as a big company, Bo will definitely not want so much, mainly because Xiao Yifei doesn't have any industry now, which is equivalent to empty mouth and white teeth, and he has to prevent himself from being tricked again. And this situation is not an embarrassing thing that can be solved by changing the acquisition of a winery, Xiao Yifei put himself in his shoes, if it were himself, it is estimated that he would also ask for a high deposit ratio to avoid being a fool and being deceived to play.

"Then I'll take out a loan of 100 million."

"Xiao, I suggest you use up your quota."

"Why? What am I doing with so much money, I can't use up the purchase, and I still have the auction money. ”

"The auction money is only an estimated income, and it has not been received yet. Our bank has made an assessment, and the amount of your transaction is between 1.1 and 140 million, followed by maintenance costs, operating expenses, etc. ”

Xiao Yifei only thought at this time, he just said that the negotiation is expected to take one and a half to two and a half months, and now he said that the estimated transaction amount, he immediately asked:

"What are you evaluating this for?"

The manager smiled, "Our bank will definitely assess the risk of each loan, and some of us will even send someone to join the loan company to supervise the use of the loan." ”

"Huh? Isn't it mine if the loan goes to me? Do you still care about the use? ”

"Of course, we have to make sure that the loan is not used in the right place, and we have to make sure that the money is safe."

Isn't this just sending an overseer? "Are you going to send me someone too?"

"No, it won't."

Of course not, you must wish I couldn't pay it back, the oil paintings belong to you, and the two paintings of Picasso and Sunflower alone are definitely more than 200 million.

"Xiao, in fact, you should be glad that many companies and individuals outside have not approved us for loans, and you should really use the quota completely."

"The problem is, I borrowed 200 million yuan from you here, in case the oil painting is auctioned for more than 100 million, and I put it there not only to depreciate but also to pay interest."

"You can invest in it, you can buy a house, you can buy a winery, you can buy a vineyard. If you don't want to, you can re-sell the loan to someone else, anyway, the interest you get is very favorable, and you can still earn the interest difference. Or you can entrust financial management, our financial management service in Wells Fargo is very good, and we guarantee that we can find you a good project. ”

Don't think I don't know, if you don't want to lend to others, aren't you afraid of the risk, and if I lend to others, the risk is not with me, of course you don't have a backache when you stand and talk.

As for entrusted financial management, Xiao Yifei is still not at ease to hand over his funds to others to dispose of. It's a good idea to buy vineyards and expand the winery. Investing in a home? The winery has a house, and there are tens of millions, so how many houses to buy, the annual property tax is a large amount. This is not considered for the time being. Buying gold? Probably can, right?

"Why don't you buy stocks, didn't Obama say in March that buying stocks was probably a good idea, hahaha."

Another person interjected: "Don't say it, this time he is right, you see how ...... the stock is rising now"

March '09 was the worst time for stocks, the S&P 500 index in the United States fell 666 points, and then the stock market began to rise.

Just to buy stocks, he just arrived in the United States, the U.S. stock market is blind, he doesn't know anything, at present he only knows about the rich country and Sotheby, the rich country has not been specifically checked, but it is estimated that it is also a sideways movement. Sotheby, at the worst time of the stock market in March, reached more than $6, and now it has risen a bit, to $8. If there is no big surprise, it is estimated that it will be sideways for a long time, just like the US stock market.

Xiao Yifei felt that something was wrong, he seemed to have ignored something.

Xiao Yifei pondered carefully.

That's right, my 6 paintings, they all have to be auctioned in the autumn, isn't this a major benefit for Soseby, Xiao Yifei took out a notepad and flipped through the reserve price given by Sosby at the beginning, the 6 paintings add up, and the reserve price has reached 170 million US dollars, a little more powerful, 200 million is no problem. The London autumn auction is generally three, and the others work a little harder, with a total of more than 400 million easily. According to Jensen, this would be a shot in the arm for the stock price. Then you can definitely make some money by the way. It's Jensen, who didn't make the auction time clear for himself, and let himself suffer a loss, and now he has become a shareholder of Sotheby, let him work for himself, hum, let you not make it clear.

However, this matter cannot be hastily decided, and more information needs to be found.

"I need to think about it, and we'll talk again tomorrow afternoon."

Xiao Yifei locked himself in the hotel room, carefully checked the information, and called on the side to ask Jensen some information. In the end, he asked directly:

"Jensen, do you know that Sotheby's shareholder is now willing to sell his stock?"

"Shaw, do you want to buy Sotheby stock?"

"Under consideration."

"Yes, yes, yes, you know the financial crisis and the crash of Sotheby's stock last year and this year, although it has risen a little bit now, but no one knows when the crisis will pass. Figure it out for yourself. ”

Xiao Yifei has already thought about it, he thinks that the auction industry, the more financial crisis there is, the more profitable, because in such a financial crisis, some people will lose money and some people will make money, and those who make money will definitely not be able to invest a lot of money in buying industry when the future is uncertain, and the cost of keeping cash is too great, and art may be an opportunity. Moreover, people who lose money will also put up many collections for auction to make up for their losses in other areas.

Xiao Yifei considered the risk, and finally gritted his teeth, anyway, the oil painting is for nothing, and these 4 pairs are all classified as disliked, anyway, if the loan is not repaid, the oil painting becomes someone else's, and the oil painting that Bai Lai doesn't like is just a gamble.

So the next day, Xiao Yifei borrowed 200 million from Wells Fargo. His psychological price for the acquisition of the winery is 120 million, and there is still 80 million left.

After all, the 80 million was a loan from rich countries, although the purpose of the loan was not agreed in the contract at the beginning, but in order to avoid complications, he still said hello to rich countries. The manager of the loan department evaluated Xiao Yifei's acquisition of Sosby's shares, and felt that even if the money was lost, it would not be much, so he also issued a supplementary agreement and agreed that Xiao Yifei would use the loan to buy stocks.

Xiao Yifei officially informed Jensen of his decision.

"Xiao, I asked for you, there are two directors who are willing to sell the shares in their hands, but they must be acquired at a premium."

"I know that."

Premium acquisitions are a must, and now Sotheby's market value is only more than 600 million, but stocks are not what you want to buy, and the stock market only trades hundreds of thousands of Sotheby stocks every day, and it will take 80 million to wait until the Year of the Monkey, and this kind of market acquisition is too eye-catching, it is easy to speculate on the stock price and be investigated by the Securities Regulatory Commission.

"Then you should come over and negotiate as soon as possible."

"This may be a bit of a hassle, you should know that the negotiations for the acquisition of the winery on my side will start immediately, and in my opinion, the winery is much more important than the stock, so it is impossible for me to leave here."

"Okay, I'll talk to them and see if we can go to California to negotiate."

This case is a bit far away, but he didn't put it here, I planned to put it in 2012, because the netizen found it in 2012. But in the end, I thought about it.,What if the clumsy work is favored by the editor at that time.,Isn't it just a subscription money to cheat everyone.,It's better to put it in the current free chapter.。

And there is also a response to the fact that some book friends feel that an acquisition negotiation takes several months, thinking that the pace is too slow. In fact, this thing really can't be fast, and the acquisition of tens of millions of dollars is not something that can be done with a stroke of a pen. Even if you buy a ranch, you have to test the physical conditions such as land, pests, and small vertebrate hazards, as well as legal aspects such as debt, water rights, and easements. If there are cattle and sheep, they must be quarantined, tested and so on. Otherwise, you're waiting to go bankrupt.