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  1. wobbycarly

    NCCP Act 2009: Lenders not permitted to 'call in' loans unless borrower is in default

    Ya' reckon? :p Sells papers, though!
  2. wobbycarly

    NCCP Act 2009: Lenders not permitted to 'call in' loans unless borrower is in default

    Today's heraldsun... http://www.heraldsun.com.au/news/more-news/built-with-his-own-hands-valued-at-more-than-630000-sold-for-1000/story-fn7x8me2-1226267191172
  3. wobbycarly

    NCCP Act 2009: Lenders not permitted to 'call in' loans unless borrower is in default

    Wouldn't it be possible for a borrower to purchase 'above market' in a 'boom time' and then, not too soon afterward, find that their value has dropped? Assuming they have x-coll to get purchase the new place, a portfolio re-val could show them with a too-high LVR. This could be construed as...
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