Mortgages!
- Thread starter Daniels
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Don't think the bible does talk about mortgages; and while not sure why your question; looked anyway to find info on year of Jubilee about cancelling all debts, homes returned as well. This was to Hebrews only of course and was commanded by God.
If you have a question concerning mortgages maybe you can post it. Blessings, tapero
A few excerpts below from old testament.
deut 15:1... said:
leviticus 25... said:
Leviticus 25:29
" 'If a man sells a house in a walled city, he retains the right of redemption a full year after its sale. During that time he may redeem it.
Leviticus 25:30
If it is not redeemed before a full year has passed, the house in the walled city shall belong permanently to the buyer and his descendants. It is not to be returned in the Jubilee.
Leviticus 25:33
So the property of the Levites is redeemable—that is, a house sold in any town they hold—and is to be returned in the Jubilee, because the houses in the towns of the Levites are their property among the Israelites.
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Celticflower
charity crocheter
Probably the same one that talks about computers, automobiles, rocket ships, nuclear bombs and the electric lightbulb.
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billwald
Contributor
Bible doesn't mention mortgages because the concept never occurred to them. Couldn't have a contract that went over 7 years. As the 7th year approached, no one would make any business deals.
That's why the Priests invented a work around. It was decided that Temple property wasn't effected by the 7byear rule. People would put the title to the land in the name of the Temple and the priests operated as a holding compaly.
That's why the Priests invented a work around. It was decided that Temple property wasn't effected by the 7byear rule. People would put the title to the land in the name of the Temple and the priests operated as a holding compaly.
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