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From: Mike .
Q's re OTP purchase, settlement, and deposit bonds
From: Curious Onlooker
Date: 09 Nov 2000
Time: 21:24:42
Deposit bonds: Do you end up with a piece of paper specific to a property, or, is it a form of promisory note exchangable for a value $xx, payable to an authorised bearer?
You/we buy a bond for a fee, but the bond is cancelled once you settle with the developer?
Settlement: When is completion/settlement date actually established? Council approval, something else?
Anyone have a flow-chart, or something similar, of events?
Curious Onlooker
Q's re OTP purchase, settlement, and deposit bonds
From: Curious Onlooker
Date: 09 Nov 2000
Time: 21:24:42
Deposit bonds: Do you end up with a piece of paper specific to a property, or, is it a form of promisory note exchangable for a value $xx, payable to an authorised bearer?
You/we buy a bond for a fee, but the bond is cancelled once you settle with the developer?
Settlement: When is completion/settlement date actually established? Council approval, something else?
Anyone have a flow-chart, or something similar, of events?
Curious Onlooker
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