Search results

  1. P

    Seller breached the Contract - Failed to settle

    Who will you try to reclaim your cost from ? The seller (a company) is now bankrupt, what are your chances ? Does the Company have other assets, I doubt it. Sound like you just have to sit and wait for the mortgagee to get back to you. In my case, we actually had a writ on the property before...
  2. P

    Seller breached the Contract - Failed to settle

    With the mortgagee not being ready yet, could be a few things, ie not having a valuation back. Is the property vacant? What is the agent doing? He has a possible commission at stake, so should also be trying to get the sale through? If the mortgagee knows about your offer, and the valuation...
  3. P

    Seller breached the Contract - Failed to settle

    We were the sellers agent, ie working for the company. I believe that the seller gave his financier our contact details, and thats how we kept the deal alive, and yes it did eventually settle. I would see if the agent could assist, as it would also be in their interests for the deal to proceed.
  4. P

    Seller breached the Contract - Failed to settle

    We had a similiar situation, with a company being bankrupted, by all people the ATO, and we were in contact with the financier. They had the property valued, and we attended the valuation, and from information we provided, the valuer formed the opinion that it would be cheaper for the bank as...
Back
Top