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BFCSA investigates fraud involving lenders, spruikers and financial planners worldwide.  Full Doc, Low Doc, No Doc loans, Lines of Credit and Buffer loans appear to be normal profit making financial products, however, these loans are set to implode within seven years.  For the past two decades, Ms Brailey, President of BFCSA (Inc), has been a tireless campaigner, championing the cause of older and low income people around the Globe who have fallen victim to banking and finance scams.  She has found that people of all ages are being targeted by Bankers offering faulty lending products. BFCSA warn that anyone who has signed up for one of these financial products, is in grave danger of losing their home.

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Led by award-winning consumer advocate Denise Brailey, BFCSA (Inc) are a group of people who are concerned about the appalling growth of Loan Fraud around the world. BFCSA (Inc) is a not for profit organisation in the spirit of global community concern and justice.

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http://www.afr.com/p/business/property/landlords_hit_by_glut_of_apartments_TyeuZS5jx2nrxr0Yo1MxaI Landlords hit by glut of apartments PUBLISHED: 10 hours 39 MINUTES AGO | UPDATE: 0 hour 5 MINUTES AGO Michael Bleby Falling rental yields point to price pressure Robert Harley | Rental boom days are over Jason Plevras paid $600,000 for a two-bedroom apartment in Melbourne’s Southbank last May. The off-plan unit was one of 237 in the 15-storey Sunday Apartments on ­Coventry Street that went on the market around the same time.  The real estate agent assured him he would have no trouble finding a tenant, Plevras says. “I remember when I was signing the contract to buy, I made clear that I was worried we won’t be able to rent it,” the 33 year old says.  “They said ‘renting will never be a problem. You’ll always have tenants’.” He waited three months before ­advertising the unit. His starting price was $600 a week, but that went down to...
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  • kddeed
    kddeed says #
    We were sucked in with all their crap with our investment property in Qld. Great area, great rents, the promise of increased prope
  • NABbed Nanna
    NABbed Nanna says #
    I absolutely feel sorry for these investors, but this has been coming for a long time and was eminently predictable in the long te
  • Aries
    Aries says #
    This is disastrous for property investors, no doubt most of them were lied to about how property and rents always go up. Careful c
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The Housing Bubble Isn’t Finished with You Yet By Nick Hubble • November 27th, 2013 •  The American property market is surging. House prices are on the move once more, with one big city index up 13% year on year. Even building permits hit a five year high. And this time interest rates are so low that people don't just buy houses they won't be able to afford when interest rates go up; they are also buying $1000 taps to put into their unaffordable houses, reports Bloomberg. Banks are forecasting next year's house price gains will only be around half as good. Just 6%. But Reuters reports that it's not all rosy behind the scenes. Home equity lines of credit are seeing increasing defaults. What's a 'home equity line of credit'? It's money you borrow against the equity in your home. So a second mortgage on the same house It turns out that many Americans used these loans...
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IMF turns spotlight on Australia’s housing market PUBLISHED: 0 HOUR 2 MINUTES AGO | UPDATE: 0 HOUR 0 MINUTES AGO   The booming property market will be investigated by the IMF when it visits Australia in November. Photo: Arsinseh Houspian JOHN KEHOE Washington The International Monetary Fund will investigate any risks posed by surging housing prices when it sends a team of economists to Australia later this year. The IMF is scheduled to conduct its annual Article IV consultation on the Australian economy in November, with financial stability and the hot housing market expected to be key issues analysed. The timing of the visit will coincide with an ongoing debate among investors, banks and regulators about whether low interest rates are inflating a dangerous house price bubble. The Reserve Bank’s quarterly financial stability review, to be released on Wednesday, will provide more guidance about the bank’s views on the market. News of the visit comes after the IMF...
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