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Episode – 9. ISSUES ON LPA RECEIVERS AND MORTGAGES (Part-5)
Case Example: In this case the LPA receivers were appointed over a portfolio of 55 properties following the borrowers’ default on the mortgage. The borrowers alleged that they had an agreement with the bank that the receivership would be...
Episode – 4. What banks don’t want you to know about repossession? (Part-5)
If you've got end of term issues with some of your products, that's critical that you look at those if you've got negative equity issues with one of your properties in your portfolio, but not sure how to handle it, or you've got quite a large...
Episode – 4. What banks don’t want you to know about repossession? (Part-4)
Another topic around repossession is negative equity. Believe it or not, we are actually the leading specialist in writing off negative equity in the country. So if you do have a portfolio which is negative equity, you can't sell it. I think...
Episode-4. What should I do if someone I know is having problems with debt – (Part 3)
How do you prioritize debt? Well, you look at the most important one, the one that will lead to more problems, knock on effects. A lot of clients, we have talked to us and we tell them that you're going to lose your license because of the fact...
Episode – 9. ISSUES ON LPA RECEIVERS AND MORTGAGES (Part-4)
A mortgage by deed, and there might have been, for example, difficulties with the execution of the deed. So may simply run it as a simple contract in which case session one and 1 may not be available to you. Secondly, mortgage money has to be...
Episode – 4. What banks don’t want you to know about repossession? (Part-3)
Fair mortgage terms. So we got a lot of special skills and actually dealing with these types of situations, but a lot of people don't understand them. The other question that's quite common about what the banks don't tell you is, did you know...
Episode-4. What should I do if someone I know is having problems with debt – (Part 2)
This is debt, which is slightly more complicated. Why the control of the value of that asset is not in your hands. And if the market falls, sources devalue that asset because of their own understandings. The impact it has on you is indirect, but...
Episode – 9. ISSUES ON LPA RECEIVERS AND MORTGAGES (Part-3)
What are the proceedings when it comes to Mortgages? Repossession proceedings against a mortgage or proceedings must be in the LPA receiver's name. In that case one of the difficulties was it effectively being brought to the claim by the...
Episode – 4. What banks don’t want you to know about repossession? (Part-2)
What happens if you have defaulted your mortgage terms? So first of all, if a homeowner is in default or has a problem with their mortgage, they can't pay up or they've got they've broken some term in their conditions of their mortgage that the...
Episode-4. What should I do if someone I know is having problems with debt – (Part 1)
What should I do if I know somebody who has a debt problem up in this very difficult year where businesses, individuals, people is suffering? I think first and foremost we should wish everyone a wonderful New Year and we hope that the New Year...
