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  1. Colin Rice

    And we think Australian lenders are ruthless

    It is a little loose. It would be to hard and costly to monitor and I dare say they will not be aware if a property on their books was destoyed until the loan payments stop rolling in.
  2. Colin Rice

    And we think Australian lenders are ruthless

    They do require insurance to be in place to settle the loan but you are correct that it is not monitered over time.
  3. Colin Rice

    And we think Australian lenders are ruthless

    The ultimate price for "convenience"!
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