Yazdan replied to the topic Help!!! Negative Equity what are our options? in the forum Help Needed! 9 years, 5 months ago
Thank you for your suggestion Brad C, I have sent an enquiry through.
I won’t know if I don’t ask so I’ll wait and see what sh’e about. From what I have read about the ‘real estate rescue’ side of her business it seems it’s more around her company purchasing distressed properties, quite ironic I think considering it was one of the things we…[Read more]
Yazdan replied to the topic Help!!! Negative Equity what are our options? in the forum Help Needed! 9 years, 5 months ago
My understanding is (based on advice from brokers) that this could only occur if the properties were cross collaterised which in this case they aren’t, therefore I could sell one of the properties and it wouldn’t trigger a val on IP3 or any of the others. The only time IP3 would be valued would be if I wanted to refinance that particular…[Read more]
Yazdan replied to the topic Help!!! Negative Equity what are our options? in the forum Help Needed! 9 years, 5 months ago
Hi Terryw,
Thank you for your suggestions. I assure you the properties are not cross collaterised. This is one rule I have never breached in investing, all our loans are separate and only secured by the property they are borrowed against.Unfortunately the money we borrowed from family was with the best intentions to repay as soon as the reno…[Read more]
Yazdan replied to the topic Help!!! Negative Equity what are our options? in the forum Help Needed! 9 years, 5 months ago
Hi newandkeen,
Thanks for the suggestions and taking the time to respond, I really appreciate it. I have provided the answers to your suggestions below.
1) Unfortunately husband’s father resides in NSW and we cannot move there due to work commitments and my family have disowned me (long story but short version due to me marrying a non-muslim…[Read more]Yazdan started the topic Help!!! Negative Equity what are our options? in the forum Help Needed! 9 years, 5 months ago
I am looking for advice on what options might be available to us in relation to an IP we have (located in a mining town) that is in serious negative equity, any ideas, advice or even others experiences in a similar situation would be of great assistance right now.
We were young and had suffered quite a few struggles through life and decided that…[Read more]
Yazdan became a registered member 10 years, 2 months ago