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Australia housing bubble

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05-01-2019, 12:35 PM

#11

hayseed

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Join Date: Aug 2018

Posts: 1,892

Re: Australia housing bubble

Quote:

Originally Posted by mr smith

Another risk people forget about is that if the value of the property falls lower than than the mortgage then the bank will want some cash. There will be nowhere to lend this from (other than friends or relos) and the bank will forclose the mortgage.

Provide the payments are up to date, I reckon you'd be right...
The last thing a bank wants to do is Write Money Off..

However, If you get behind......

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