Apparently a lot of farmer is living below the poverty line.

The market is oversupplied and that seems to me because some other smaller farms have being effected by the drought have been able to be overtaken by larger companies buying in and planting great acreage of grapes.

One theory that I thought was clever is how they can put the grape to sleep for a year or so maybe it’s longer, but this might just put a blanket on the problem.

It’s these larger companies coming in and buying out other areas of farming and turning them in grape growing districts that is making the oversupply. Plus they are getting a fair slice of resale’s because their running cheaper because larger etc and the savings past down.

Lot of farmers is under contract and even though they got grapes on the vine can’t sell them to anyone else. So there thinking put the vine in a dormant state for a year and the grape preserves on the vine then.

I’m only generalising on what local’s tell me though.

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Jaffasoft.com

Seems you know quiet a lot about it! The finance and diplomatic side of it confuses me a bit.

I was fascinated with what they’re going to do with the grapes.

My cooking years tell that you serve up “red wine” with “red meat” , and white wine with white meat.

I have not tried lobster but just quietly in the next couple weeks they be on the bite again. Don’t want to disturb the mothers carrying eggs A.T.M. Then might drop down to the bank and see if I can catch me a bit of local cuisine

Then might get to try my first lobster. I believe your referring to the Murray Fresh Water Cray.

Feed them to the cows – then a baaaaaaa! sign. Isn’t that sheep.

The cows would walk around drunk though, I bet they like em though.

Maybee they give them to the Aboriginal race amounst us and they get them as land rights sounds fair to me, then they could experiment with making some nice wines flaggons for us to sample.

I think you have answered it for Mortgage Hunter.

Thanks for your replies; you guys are knowledge and strength to the forum.
Which brings me some more curious questions because I’m interested.

If we we’re subjective to this guy who is being forced to sell. Then if in this case if he had Mortgage Insurance he could claim, the insurance then covers what? the amount that he might owe?

If he has none and chose not to pay can the morgagee then force the person into bank ruptcy does this then guarantee that the morgagee gets their money. Who pays it once bankruptcy is declared?

Let’s play it like the person is trying to screw it for every way he can, as he’s now broke and destitute. As this way I can see all the downside risk.

This is only for analytical purposes I’m not suggesting for a minute that this is what is happening to this vendor, as I know nothing about their reasons and their circumstances.

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Thanks –

From the Morgagee point of view if they make any profit how does that get distributed?

The morgagee naturally and understandably need to get their money as secured and has an interest in the payout of the loan.

In the contract clause is it common that the distressed vendor be relieved with any capital made on the sale if any. And or how is it sorted when no excess profit made so therefore a lose and the client still owing the morgagee after the sale and everything?

If this is not generally the case is there steps to take when initially signing the finance contract from an Investors point of view, so that if this happens. Which inevitably does to some. That they are entitled to any extra profit after all expenses paid for in the exercise

In any case – would you like to elaborate and perhaps point out what steps a naive prospective home buyer client should ensure in the mortgage contract to best equip them for this.

It seems to me that signs like that will become more familiar in the preceding years.

I might go to the auction for interest sake.

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