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Buying at Receivers Auction with multiple mortgages and caveats
Sought advice from Property Lawyer! Hi everyone and thanks to those who responded! I sought advice from a Property Lawyer and thought I'd post his advice for learning. Basically in a nutshell: The original contract specified the receiver, as the seller. For the second mortgage to be...- Miss No Idea
- Post #5
- Forum: Legal Issues
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Buying at Receivers Auction with multiple mortgages and caveats
We are looking at buying a QLD property at receivers auction that has two mortgages and one caveat placed on the property. 1. Generally speaking, will these be released/removed and will we get clear title to the property? 2. Is it possible that not all mortgages will be released and the...- Miss No Idea
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- caveat contract legal issue mortgagee in repossession
- Replies: 5
- Forum: Legal Issues