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NSW No Equity Left for Mortgagor - What to Do?

Discussion in 'Property Law Forum' started by sam xenon, 20 June 2016.

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  1. sam xenon

    sam xenon Active Member

    19 July 2015
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    A mortgagee waits six years after a default of the mortgagor then has a firesale of assets so that there is no equity for the mortgagor. I believe this to be an act of revenge.

    Any answers welcome. The Mortgagee has since died.

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