From: Paddy in the Paddies
A question about lenders,
How much notice does a lender need to give when calling in a loan ?
My father is constantly feeding me fearful reports about the big 4 banks calling in mortgages without notice, i.e. w/o time to refinance. He claims this is becoming more prevalent and is done sometimes without just cause. Citing such cases as a fellow who lost a 1.2 million property due to a $20 problem.
I mean we know the banks are demonic by nature. Some people wouldn't piss on them if they were burning. However we need to deal with them. What exactly can we do to us if it takes their fancy ?
Apart from the ever increasing fees and decreasing service, I haven't had any bad dealings so far. What lies ahead ?
Patosan
A question about lenders,
How much notice does a lender need to give when calling in a loan ?
My father is constantly feeding me fearful reports about the big 4 banks calling in mortgages without notice, i.e. w/o time to refinance. He claims this is becoming more prevalent and is done sometimes without just cause. Citing such cases as a fellow who lost a 1.2 million property due to a $20 problem.
I mean we know the banks are demonic by nature. Some people wouldn't piss on them if they were burning. However we need to deal with them. What exactly can we do to us if it takes their fancy ?
Apart from the ever increasing fees and decreasing service, I haven't had any bad dealings so far. What lies ahead ?
Patosan
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