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Ok We call that "Non Recourse " Lending..nice and simple words :), but near impossible to get in normal channels for most resi applications. ta rolf

Hiya Tamar Interesting post I do disagree though with your comment on the banks selling mortgagee in possession sales selling "cheaply"........most of the experience I have says its otherwise ..............people will often pay more than market at a mortgagee auction. I even have ONE...

Hiya Installment contract finance can get sticky if disclosed as such, and getting wrappees financed out above 80 % lvr can also be a hard gig. This doesnt mean its impossible, just dont expect to walk into bank x and get a 95 % lend ta rolf