As some know I have recently "sold" a property at Newport Beach, NSW. The purchaser is having problems completing and we have issued a notice to complete within 2 weeks charging 8% interest along the way.
The 10% deposit by the purchaser was paid by a deposit bond. Anyone have any experience with this? Purchaser not completing and dealing with insurance bond issuer for the 10%?
While I feel sad for the purchaser, financially speaking, I wouldn't mind the 10% and my house back. What a nice little wind fall.
The 10% deposit by the purchaser was paid by a deposit bond. Anyone have any experience with this? Purchaser not completing and dealing with insurance bond issuer for the 10%?
While I feel sad for the purchaser, financially speaking, I wouldn't mind the 10% and my house back. What a nice little wind fall.