We spoke to resident finance journalist Denise Raward on non-recourse lending and if it applies to Australia. In some US states you’ll be able to simply hand again the home keys to your lender and stroll away scot-free however in Australia it is quite a bit tougher to try this.
Denise’s article:
00:00-00:54 – Intro
00:54-02:05 – Savings tip, 50c fares
02:05-04:07 – Possible handy again the home?
04:07-05:53 – The default course of
05:53-08:39 – Factors driving home repo
08:39-11:40 – Hardship information and figures
11:40-13:25 – Why are defaults, delinquencies & repossessions low in Oz?
13:25-14:43 – Outro
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