Take the law… Carter Capner Law's Queensland law digest

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…)

Investors whose 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…)

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…)

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…)

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…)

The legality of penalty interest charges levied by mortgage lenders on “defaulting” domestic and commercial borrowers, yesterday moved one step closer to (more…)

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…)

When Michael Lee and Majed Hawatt signed up as “sophisticated investors” for  Westpac’s GPS “capital protected” borrowed funds investment in June (more…)

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…)

A sobering reminder emerged this week of the scale of GFC-related property losses, when a 2008 glitter strip investor was ordered to reimburse a developer nearly 60% of the price (more…)