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Offline TomE


  • Joined: Aug 2010

  • Location: ADL
You think any lender would come to the party? You are looney!

Banks work on valuation or Contract of sale price, which ever is lower.
"There's too many self-Indulgent wieners in this city with too much bloody money! Now, if I was driving a 1967 275 GTB four-cam... "



Offline looney


  • Joined: Mar 2007

  • Drives: VW Beetle
Banks work on valuation or Contract of sale price, which ever is lower.

I understand that, I've got my fare share of portfolio,

but if he were to come to the party (the vendor) and say that he will claim to have received a deposit of say $40m it could in theory work.

the bank has never once asked to see proof of a deposit being paid on any of my properties,  but granted we're talking a very different ballgame here for $100m. 

was just an exercise in me voicing my train of thought :D



Offline TomE


  • Joined: Aug 2010

  • Location: ADL
I understand that, I've got my fare share of portfolio,

but if he were to come to the party (the vendor) and say that he will claim to have received a deposit of say $40m it could in theory work.

the bank has never once asked to see proof of a deposit being paid on any of my properties,  but granted we're talking a very different ballgame here for $100m. 

was just an exercise in me voicing my train of thought :D

AE group buy ? :)
"There's too many self-Indulgent wieners in this city with too much bloody money! Now, if I was driving a 1967 275 GTB four-cam... "



Offline dodger

  • Tommy Gunna

  • Joined: Dec 2009

  • Location: Melbourne
AE group buy ? :)

The Reserve Bank is going to be sold, we should grab that and print our own.



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