Property values falling… How could this affect me?
Question of the Month:
“A colleague has been asked by his bank to reduce his loan with them, by paying it down with some cash he has. This is due to the decrease in his property values. Could something like this happen to me?”
Good news for our client – he is in a position where he should never receive such a call. Their friend however, may need to have a professional negotiate with the bank on their behalf.
If you’re worried about your property value…