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Old 28.06.2011, 14:08
CH_Me CH_Me is offline
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Re: Swiss Mortgage Margin Calls

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did they say what would happen if they didn't find the money? also, what was the trigger for making the call?
They were asked to pay by a certain deadline. Failing that, they were in breach of their agreement, so I assume their place would be put into receivership. The reason was a drop in value and the owner had recently lost their job.
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