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Commonwealth Bank to put foreclosures on hold

Oliver Peterson

The Commonwealth Bank has become the first major bank that has put a hold on home foreclosures until September 2021.

The moratorium comes after pressure from Financial Counselling Australia to avoid forcing borrowers to sell their homes due to the COVID19 pandemic.

Finance Guru Scott Haywood lays out what the restrictions for these holds are, along with the financial fallout from the US election.

Download this podcast here

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