thanks guys.

this is the loan i have:
http://www.bankwest.com.au/personal/home-loans/home-loan-products/super-start-home-loan

the word i was looking for is the loan holds $110,000 in surplus funds.

Thanks guys, can't I just transfer the $110,000 funds that are currently in credit on my current PPOR to my offset account? so I can then take the funds out of my offset accuont when I find the new PPOR?

I havent decided yet what the new PPOR will be in future if I can take advantage of the tax portion of my PAYG then I can afford a nicer PPOR…[Read more]

Hi all,

thanks for the replies, apologies if my explination previously wasn't clear, allow me to try again.

Current scenarion:
– Own 1x PPOR
– Current PPOR has a redraw account and an offset account
– Current PPOR redraw account holds $110,000 cash
– CUrrent PPOR offset account holds $44,000 cash
– Orrigianl PPOR loan amount is…[Read more]

sounds good so far, seems like everyone is leaning towards me speaking to the bank and this seems like the best idea, however my lawyer has mentioned that the bank wont even listen to a "no body" like a interested buyer, without having a contract written up which brings me back to square 1, how do i get the banks attention without going through…[Read more]

okay now we seem to be moving somwhere, firstly, thank you greatly for your replies….Yes it is possible to secure the property a quite a late stage of the default process but, if the loan has been moved onto the banks lawyers and a Writ of Possession has been issued or is about to be issued, then it is probably best to hold off until the…[Read more]

okay fair enough, your point is well taken however several lawyers have seen this happen several times without an issue, and my relative has gotten a property less then what was owed to the bank, sorry but its not fairy land its just thinking outside the box…what id like to know, is how i could get the bank attention, how do i get their YES or…[Read more]

this is the quick easy obvious solution, but has any got more insite on this topic other then the obvious

sorry what i meant was that i need some advise in regards to a current situation i am in. Basically, I'm interested in BUYING a property from someone who is behind on his mortgage repayments and is about to loose his house to his bank, (I know they owe their bank more then the offer they've accepted from me) My concern is that if I go ahead with…[Read more]

thank you for your kind reply…. i actually called a reno company who said to go by $1800/sqm on average (including roof work etc)… this is without any details so it will defenitly vary, incase anyone is curious

thank you so much for this feedback i might stop my mum from signing up too as she was keen also, may i ask why all the negative vibe towards this? any complete points you guys suggest to watch out for that i can see if these guys do the same?