When banks call in their loans Let’s say that there’s a change in the banking policy and the bank no longer believes that the infrastructure’s in that town anymore and call in all of their loans. You have to refinance. Usually you have about 30 days...
Can you see the trend? What happens now is you’ve got a court case against you for something to do with one of your properties. When you bought the property, the verandah was unsafe and despite this being in the building report upon purchase, you didn’t...
Why not cross securitise? What happens is, the bank takes both houses as security and wraps the two mortgages together? Let’s say we’ve got $830,000 worth of asset and we’ve got $430,000 worth of loans adding the second one in to the total. So we’ve still got...
