Can anyone shed some light on the following question?

1.The Eastpac Bank has replied to you and you find that the vendor of Beyoncet and James' new property they want to purchase has a $480,000 mortgage. The purchase price was $720,000. Is this a problem?Respond to Beyoncet and James explaining your reasoning and then prepare relevant file notes.

James has brought to your attention that Beyoncet is meant to be on the contract, and she was not able to get to the auction where the contracts were signed. Complete a nomination form from your relevant state and include:

A register search statement for your home address.A sample Section 27 statement.A sample water and rates statement.A Statutory Declaration from your State revenue office regarding transfer/nomination of 8a Lime Ct.

Record your actions and include your file notes.

Many thanks!