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4 years4 yearskevinp8590 posted:
Valuation shortfall on Contruction component of our loan
Valuation shortfall on Contruction component of our loan
Thanks for the heads up mate. We have a very good relationship with our builder, so that gives even greater comfort.
4 years4 yearskevinp8590 posted:
Valuation shortfall on Contruction component of our loan
Valuation shortfall on Contruction component of our loan
We have an excellent broker and have 100% faith in him.
We are just going to write the letter and include our justification of the difference in variance which I…
4 years4 yearskevinp8590 posted:
Valuation shortfall on Contruction component of our loan
Valuation shortfall on Contruction component of our loan
Hi there mate, thanks kindly for the welcome.
We have a fixed price contract which we are happy with. Funnily enough, it was the cheapest of the 4 quotes we obtained.
4 years4 yearskevinp8590 posted:
Valuation shortfall on Contruction component of our loan
Valuation shortfall on Contruction component of our loan
Our valuation for the construction component of our loan has come in at $485,000 compared to a $597,358 construction cost.
This in the eyes of Adelaide Bank (AB) means there…
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24 March 2021