Piggy Bank

Case Study: Buyer Refinance Causes Expensive Delays In Settlement

Agents can help avoid expensive delays in settlement by clarifying the intentions of their buyers in relation to finance prior to submitting an offer to the seller. During the course of a recent settlement, the buyers decided to shop around for the best finance deal as part of the finance approval process. After finding out …

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Residential Settlements

Sloppy Contract Almost Leads to Transfer of the Wrong Property

How the lack of title particulars on an offer almost led to costly and embarrassing delays in settlement. In a recent settlement, lack of title particulars (added information that helps identify a property) on the Offer and Acceptance (or O&A) almost led to transfer of the wrong property! Our client, the buyer, was purchasing a …

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Near miss highlights the importance of searching all easements

Near miss highlights the importance of searching ALL easements

A recent transaction has highlighted the importance of searching and examining encumbrances, especially easements. In the sale of a family home, an easement – one of two noted on the title – went unnoticed by the buyers’ real estate agent, leading to all kinds of unnecessary stress for both the buyers and the seller. Easements, …

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Residential Settlements

Top tips to take ‘stress’ out of ‘mortgage’

AAP It is estimated that around 469,000 households will be suffering mortgage discomfort by December and the number of those in severe stress (facing a potential sale, foreclosure or forced refinance) could be as high as 267,000. How can at-risk borrowers stay out of trouble, save money and own their property sooner? Spokesperson for Mortgage …

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