Does kincella and every other negatively geared property "InvestA" even read their home loan contracts?
This is straight from the CBA Home Loan Guide
Section 2. - 3.5 Value of the security. The value of and title to the Security Property must be to our reasonable satisfaction at all times during the term of the Contract.We may obtain a new valuation of any security property.
Section 9.0 Default You are in default of under the Contract if any of the following conditions apply; ... c) Value or title unsatisfactory : We are reasonable satisfied with the value of/or title to the security property or the security over it will be inadequate security for our Loan in accordance with our usual prudent credit standards.
