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ahhh--just did the quick math--they have submitted it at an 80% value to the bank!! dummy I am. I think...:o

well, in this case, the rates are currently (aparantly) overvalued. I pay rates on 2 blocks of land at the VG value of $500k UIV each. Have paid on this value for 3 years. Last month bank valuation came in at $350k each, with an $800k house value. The properties in the area have not dropped in...

Happy new Year all. Hey, just going through a loan reshuffle and have noticed all sorts of incorrect things on my bank loans and security details. But, after getting a couple of new valuations, which the bank has kindly passed on to me( chuckle-it helps if you are nice) I have noticed that...