Hi Techman
Yeoouccchhh!!!
I agree with Kristine and work out a deal with RHG. It is in their interest to help you because if you declare bankruptcy...they will get very little!
If at all possible get them to capitalise the break costs into your your new loan.
Worth a try?? I personally think they will go for this....as if you go under it will be a pain in the backside for them.
Cheers
Sash
Yeoouccchhh!!!
I agree with Kristine and work out a deal with RHG. It is in their interest to help you because if you declare bankruptcy...they will get very little!
If at all possible get them to capitalise the break costs into your your new loan.
Worth a try?? I personally think they will go for this....as if you go under it will be a pain in the backside for them.
Cheers
Sash
3 of the properties are with RHG. I am wondering what would happen if we just gave 2 of the properties back to them. Would it do any good to call them and ask or would it be to our disadvantage to do that?QUOTE]
I am working through a similar situation with some of my RHG customers at the moment.
RHG could not have been more helpful. We are wanting to release 1 security unencumbered from a pack of 4 securities.
Valuation came back today for the remaining 3 securities with ample equity to secure the loan, intact, remaining registered.
This is costing the customer a documents fee, a contribution to valuation, a contribution to settlement, and the standard discharge fees. All up, less than $1,000.
RHG have been their usual professional, friendly and helpful selves.
Make that phone call. There is always a solution to a problem and you may find the solution is easier than you think.
Cheers
Kristine