Hi
I have just come across a new type of sale entry in On The House which I have not seen before, but after doing a search it is not unique on the site. See below.
Is this anything to be concerned about or just the way it has been listed in govt docs. I suspect the house was probably new in 1993 and sold as a house and land pkg, possibly explaining the way it was registered.
The agent suggests the bank is about to step in, however if there has been no sales after this date the mortgage would be close to an end unless they have got behind and behind over the years or have sucked out some of the equity and used for do-dads. I only mention this as the amount owing to the bank may influence price accepted or rejected at auction, and therefore need to understand if the type of sale in 1993 was out of the ordinary.
I have just come across a new type of sale entry in On The House which I have not seen before, but after doing a search it is not unique on the site. See below.
Is this anything to be concerned about or just the way it has been listed in govt docs. I suspect the house was probably new in 1993 and sold as a house and land pkg, possibly explaining the way it was registered.
The agent suggests the bank is about to step in, however if there has been no sales after this date the mortgage would be close to an end unless they have got behind and behind over the years or have sucked out some of the equity and used for do-dads. I only mention this as the amount owing to the bank may influence price accepted or rejected at auction, and therefore need to understand if the type of sale in 1993 was out of the ordinary.
