June 12, 2013
329 people have read this
The Court of Appeal has finally put to rest any argument about a buyer’s right to contract termination after the expiration of a LSA “sunset date” where the delay results from the buyer’s own conduct. (more…)
May 15, 2013
780 people have read this
Australia’s largest bank has been denied re-possession of a Boronia Heights home that it had hoped to sell to cover the homeowner’s $300,000 (more…)
May 15, 2013
547 people have read this
Investors who successfully recovered a $135k deposit as a result of a settlement “no-show” on the sale of their $1.35 million Isle of Capri home in September, have themselves been ordered to pay up more than $200k (more…)
May 14, 2013
698 people have read this
A plea for relief to Queensland’s court of appeal by Currumbin Valley home owners – who failed in their self-represented September bid to prevent foreclosure by their mortgage lender – has been abandoned with the borrowers deciding instead to rely upon a recent worldwide debt (more…)
January 28, 2013
1,208 people have read this
A $3.27 million investment with property fund manager Securcorp, was induced by assurances of a “safe and secure” venture that included personal guarantees from asset rich individuals. (more…)
January 26, 2013
1,578 people have read this
The Supreme Court last month ruled on the PAMDA derailment of a successful off-the-plan sales campaign by distressed Mudgeeraba unit developer SDW Projects, opening the way for damages claims against some of (more…)
December 22, 2012
1,608 people have read this
The legality of penalty interest charges levied by mortgage lenders on “defaulting” domestic and commercial borrowers, yesterday moved one step closer to (more…)
November 13, 2012
1,948 people have read this
A seemingly gifted sales agent – motivated by a desire for fixed retainer remuneration rather than reliance on the ups and downs of sales commissions - has brought a developer (more…)
October 18, 2012
1,812 people have read this
When Michael Lee and Majed Hawatt signed up as “sophisticated investors” for Westpac’s GPS “capital protected” borrowed funds investment in June (more…)
October 14, 2012
1,609 people have read this
In a lesson to all agents, developers and lawyers about how things can go wrong under pressure, Gold Coast merchant bank Equititrust survived a three day courtroom struggle in August to preserve its $8 million (more…)