In this context a default is - if the value falls below a prescribed level as covered in the contract.
Of course you would have evidence to back up this claim wouldn't you?
Waiting....waiting....
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That is true, unless there is a default. In this context, (painting your house purple aside) a default is - if the value falls below a prescribed level as covered in the contract.
The only people protected from this are those who have taken out a reverse mortgage.
That is true, unless there is a default. In this context, (painting your house purple aside) a default is - if the value falls below a prescribed level as covered in the contract.
The only people protected from this are those who have taken out a reverse mortgage.
I had thought that all residential mortgages (for PPORs at least) were covered under the NCCP Act. I could be wrong, of course, having never read the Act for myself.
I still don't see why a bank would 'margin call' a loan being paid according to contract, though.
Quick Herbs, have you checked under your bed for a red?
Have you ever though the world make be shades of grey and not just black and white?
You're not a Socialist Paul.
You're just a lying Capitalist Consumer Economy businessman that deep in your guts reckons you're so incompetent your business/es need ta be propped up by consuming granny's assets.
Piss off 'n stop giving the poor ole genuine Socialists an even worse name than their proven track record of failure has deservedly earned their systems ...
I had thought that all residential mortgages (for PPORs at least) were covered under the NCCP Act. I could be wrong, of course, having never read the Act for myself.
I still don't see why a bank would 'margin call' a loan being paid according to contract, though.
I am pretty sure it was established that the banks can't call in residential investment loans after the changes, unless there are unusual circumstances. I.e. they can still weasel out of it if they need to.
Let me assure you that this isn't one of those shady pyramid schemes that you've been hearing about. No sir, our model is the Trapezoid which guarantees each investor an 800% return within hours. Those who can, do. Those who can't, teach. "It's an itchy blanket, it's designed to remind you how lucky you are"
You're just a lying Capitalist Consumer Economy businessman that deep in your guts reckons you're so incompetent your business/es need ta be propped up by consuming granny's assets.
Piss off 'n stop giving the poor ole genuine Socialists an even worse name than their proven track record of failure has deservedly earned their systems ...
lol...Herbs, I am sure Microsoft do not invest into 'incompetent' business ventures.
I am pretty sure it was established that the banks can't call in residential investment loans after the changes, unless there are unusual circumstances. I.e. they can still weasel out of it if they need to.
Exactly. They can still do it if they need to, like in the event of a major downturn.
But bulls don't want to recognise this possibility in their safe investment strategies.
Once again, People should read their contracts very carefully.
WHAT WOULD EDDIE DO? MAAAATE! Share a cot with Milton?
lol...Herbs, I am sure Microsoft do not invest into 'incompetent' business ventures.
So, did you check under the bed or not?
They've got money to burn Paul - And espouse the principle of doing charitable 'good works' - With them also liking the tax deduction I'd guess? (Same as you luv all yours obviously) :
So who's to really know? Maybe making some sort of little token contribution to you is just one more of their 'charitable' actions that just maybe helps improve the lot of neerdowells such as yourself - So makes Bill and Melinda 'feel good' - Whilst with Bill and Melinda also saying Well some such ideas do get up and we just might make a buck out of this one should it be one of the few out of all the many we've thrown thruppence at that does ...
PS: "Red under the Bed" - Eff off dumbie - Reds aren't my concern - Their systems are proven failures. So not to be emulated. (But as I said, you surely aren't one anyway. Though a proven failure regardless has to remain my punt.)
They've got money to burn Paul - And espouse the principle of doing charitable 'good works' - With them also liking the tax deduction I'd guess? (Same as you luv all yours obviously) :
So who's to really know? Maybe making some sort of little token contribution to you is just one more of their 'charitable' actions that just maybe helps improve the lot of neerdowells such as yourself - So makes Bill and Melinda 'feel good' - Whilst with Bill and Melinda also saying Well some such ideas do get up and we just might make a buck out of this one should it be one of the few out of all the many we've thrown thruppence at that does ...
PS: "Red under the Bed" - Eff off dumbie - Reds aren't my concern - Their systems are proven failures. So not to be emulated. (But as I said, you surely aren't one anyway. Though a proven failure regardless has to remain my punt.)
$150k is hardly a little token, but whatever you think.
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