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Yes there is a very big difference between buying a car,and buying a property and as the agent is employed to act for his or her principalWith cars....you only have guaranteed title should you buy from a dealer.
Boods
The important point to come out of this story is
Mr Mildenhall was living in Cape Town when his Deanmore Road duplex in Karrinyup, that he owned outright since buying it for his now-deceased parents in 1989, was sold without his knowledge for $485,000 in June.
That the property was unencumbered and as such the only safeguard is the land titles office who obviously don't check signature very carefully or at all
If you have a mortgage against the property, even if it is minimal, then there is the bank hurdle to straddle and seems to be the better safeguard to ensure the the property remains in the owners hands.
Personally, we own or control a lot of property, with not much debt but every property title is encumbered to have a level of insurance aginst the subject of the news article.
Cheers
who would have known it was being sold unencumbered?
sounds like an inside job.
in the last month i've had credit card fraud foiled (a big thanks to westpac's hawkeye for picking it up!) and only yesterday some indian sounding guy rang to report that i'd been having problems with my internet and needed to verify some details (we've recently moved house).