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australian banks to loose 10 and 25 billion, page-16

  1. 18,488 Posts.
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    I beleive if you have a mortgage and your bank collapses you may lose your house.

    As the bank effectively owns your property/title, even if you only have a small mortgage.

    If the bank were to collapse then they would sell your house to recoup as much money as possible.

    Anyone know any different?

 
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