Calling all wrappers!
When does one actually place the caveat on the title, and does the wrappee need a solicitor to do this or even a convancer or does the wrapper organise it with the bank! Does the wrappee need any legal representation when signing the contract
I could go on and on……about to fall off the steep learing curve!
We insist that all of our wrappees obtain independant legal advice before entering into one of Contracts.
The Property Act makes provision for the wrappee to register a caveat against the property after the possession date. In practice it needs to be registered after the wrappers mortgage has been registered at the titles office.
Cheers Richard
richard at fhog.com.au
http://www.fhog.com.auThere is no such thing as a problem.
Just a solution waiting to be foundRichard Taylor | Australia's leading private lender
Thanks 007,
so does the wrappee have to get a solicitor to do this for them ?WF
WF
Usually they get their solicitor to put one on, but they could do so themselves. I was charged about $60 once to put a caveat on a property, so it is not so expensive.
Terryw
Discover Home Loans
North Sydney
[email protected]Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
If it’s a one off, I would get a solicitor to do it.
If it was going to happen more than once, I would still get the solicitor to do it first – and then for subsequent times just copy their wording etc.
Cheers
Mel
You must be logged in to reply to this topic. If you don't have an account, you can register here.
