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Old 28.06.2011, 14:30
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Phil_MCR Phil_MCR is offline
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Re: Swiss Mortgage Margin Calls

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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.
thanks. do you know why there was a drop in value, or how they measured that?

if the person lost their job, and they could get RAV, then i wonder if it is a bit unreasonable to ask for them to come up with the money quick if they will still get 80% salary for a year...
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