Republic Bank vs. Michael Essien, two others: Key details about footballer’s mortgage suit
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This article is closed for comments.
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If you have a property worth $20m and your liability in that property is $2.3m. Couldnt you use the equity of $17m in that property to raise fubds to pay off the $2.3m liability leavibg you with a lot of change to spebd on t ...
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The story makes no sense to me. Exactly my thought. Why would you lose a $20 million plus a $30 million properties because you owe a meagre $2.3 million?
He is not losing 20m or 30m. He didn't buy the properties for that high. He doesn't need the properties again. They have gained so much value to the extent he can make big profit from the sale. When they sell, the bank will t ...
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Oh OK. That's smart then
No, it is not ok. It is just that Ghanaians are clueless about money. No house property in Ghana is worth USD $20 million, but that ridiculous website where the property is listed (one for even USD $1.5 BILLION) and equally ...
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Hmm...Did you know...It's easier to Learn & Earn than buy & sell whichrequiresmore capital. As a young man, entertain yourself o BUT face your own hustle too. Don't blame your village people when money no dey or things are no ...
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You got it wrong my friend.The valuation prices of the mansions are 30M & 20M Dollars but the selling price could be less.Essien is entitled to the monies he has parted with in the mortgage plus a portion of the profit if the ...
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Nothing may be wrong here, and it seems like you don't happen to get the logic. It looks like they don't want to keep the houses anymore, and therefore decide to sell them, pay the mortgage balance to the bank, and keep the d ...
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you are truly illiterate. Read the story and grab the keywords...auction, police escort, debts, respondents, lawsuit. Does that sound like a traditional house sale?????
My god Ghana has no future.
Concocted lies just to sell newspapers believe nothing you hear and half of what you see
One big problem here is the house valuation. 20 million dollars can get you an estate in Hollywood why is a one or two acre property worth that in Ghana, a third world country? I can buy a castle in UK and Europe with that mo ...
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Hold your breath, it’s for this reason why no one is buying the property. There are several properties getting rotten not receiving attention because of this crazy hack in price. Nobody will this property at this price, it ...
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Because Ghanaians are able to steal govt monies to drive $100,000 4WD same price as 4WDs on the roads of USA and Europe so they mistakenly think their houses are also if the same value as in the USA and Europe!
Exactly. We just put prices anyhow
Oh my sister, say that again. $20 million dollar house in a country like Ghana??? And you will surely drive through portholes before getting to that house. I just don't what goes into the pricing of properties in this country ...
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The figures quoted are misleading. No where in Africa, not even in Cape Town, will a house go between 20 m and 30m dollars
Our kleptomaniac politicians have made the USA Dollar so cheap thud misleading our journalists to also become illiterates.The figures quoted I believe are in Ghanaian cedi not dollars.
You are absolutely right!
Why do footballers marry women ABOVE them? These poorly educated footballers don't marry according to their size.
So says our failed lover/ husband and WOMAN-HATER,Kwasi ,huzzling somewhere in Europe,or he might be here in Ghana after all and just imagining he is in Europe. Oh Kwasi,Hahahaaa!.Next time you too marry your size.
How educated was Akosua Puni and what was she doing when she got married to Michael Essien.She is a daughter of a practitioner all right but she pushed herself on Essien bcoz she was getting old
Knowledge is always power. Our Africa footballers are uneducated yet, they are arrogant in decision taken. Why buy properties that you are not ready to use.
Again, why ghanaians like buying liabilities and call it assets. ...
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A 5-bedroom house at Trassaco was valued at $20 million in Ghana, while 4 different plush hotels with beach fronts are being sold for $64 million.
What a country
Yes, four hotels situated on several a acres of beach land. Somethings are only possible in Ghana.
Is Essien that rich to own a house valued at $20-30mil? And moreover I don't believe there's any residential property in Accra worth more than $7.5mil. Majority of Ghanaians are gullible and will take anything from the media ...
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The sooner action is taken in the real estate market the beter. I smell rats and lots more. $20m ??? Not even for a fully furnished house with gold plated doors knobs and diamond lights.
no
Note even if its built inside an Ashantigoldfields mine
Don't make sense! No right thinkin person will buy a house in Ghana for 30m$... when dat same money can buy u houses in da U.S.A
No house in Ghana is worth $20 million.
Even Hollywood houses don't cost that much.
Messi's house in Miami is not even 20 million.
This was a money laundering operation
20 million dollar house in Ghana?
How much is a mansion even worth in the USA.
Something nefarious is going on
Why would presenter show his home address in the video? Are you not aware that this is a security risk to his safety. The presenter could have blocked his address and make his case.
Na who go buy this house to end price increament soon? I wish all the parties well in this business
And who will buy a residential property for $30million in Ghana. It will be on the market forever
Will not buy a house for one million dollars in Trassaco. Such money will get you a mansion in some parts of the United States.
Micheal owned this property before meeting Akosua.After tasting it for first time he fell into the net.Eventhough age is just a number he proceeded to Engage her.Now after a while this woman begun to control things in the hou ...
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