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Actually, lately in my experience, this happens more often than not. It's a real PITA. These are 70% LVR down to 65% though. Boods

A point to remember in the situation where the security value may have dropped is that it would be extremely impractical to order a valuation on every property on their books in the area in question to ascertain as to if the borrowers are in default. If the banks were to base their decisions...