didnt we cover this a couple of months ago.Does kincella and...

  1. 3,311 Posts.
    didnt we cover this a couple of months ago.

    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.
 
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