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Hi Peterw The property is currently tenanted. I have spoken to the agent a few times, he has tried it and will continue to, but it's the mortgagee delaying it. My Solicitor has also contacted the mortgagee but they have advised they are not in a position to enter into contract, but will...

UPDATE: I have got my solicitor to approach the lender. the feedback is the mortgagee said they are not in a position to as yet. I assume they have not issued notices yet. I have also tried to contact the mortgagee general enquiry number, but the customer service said they have no idea. I...

That's right. I was dealing with their selling agent. right now, I have only have my solicitor to approach the martgagee, the lender. How did you approach it and did you success on your purchase?

Hi Ausprop, I have requested my solicitor to lodge a caveat and approach the mortgagee, I will leave it as it is. I have moved on... another good deal is always around the corner. I don't believe the bank has started on the sell campaign. Its just happened within weeks. The contract is...

OMG... I think it's better to request all my deposit back, while waiting for the final answer. I am preparing to end up with nothing after spent so much time and some money for legal and inspection. :mad:

From the seller solicitor: The issue comes in that to enforce the Contract a considerable amount of costs will be involved and will not be recovered from the Seller due to their financial position. I believe this means the selling price is well under the mortgage due to the current market well...

Great Info. I may have to find out the liquidator and deal with it directly as the last recourse. My solicitor said he will have a look into it and see if there is a way to get it over the line. I doubt it will be an easy way. I have signed the standard REIQ contract incl PAMD form 27C &...

Hello I have signed a contract to buy an established house in Queensland on end of Feb 13, settlement due on 2nd April 13. I have requested to extend the settlement 3 times (total of 2 weeks), due to B&P and finance. The seller agreed all the extension requests. When the time comes to...