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The Finance Approval Minefield
02 October 08 11:33 AM | Peter Mericka | 2 Comments   

by Shannyn Hunter Conveyancer shannyn@lawyersconveyancing.com.au Lawyers Conveyancing Anyone who has dealt with the banks for a home loan will tell you about their battle scars with pride. Simply securing finance approval can be a frustrating and baffling Read More...

Filed under: Conveyancing, Purchase, Finance, mortgage, contract note, approval, loan, home loan, pre-approval, property

Latest "Clayton's" Finanace Approval Letter
16 June 08 06:13 AM | Peter Mericka | 3 Comments   

by Tim O'Dwyer M.A., LL.B Solicitor Consumer Advocate watchdog@argonautlegal.com.au This latest "Clayton's" finance approval letter is hot off my fax machine. Last year I reported on an upbeat broker’s keenness to show me that my clients’ finance had Read More...

Filed under: Conveyancing, Finance, mortgage, conditional approval, approved, mortgagee, approval, bank, broker, loan, home loan

The "Oh", "Really?" and "I Wish I Had Known That!" of Making an Offer and Organising Finance
24 January 08 09:55 AM | Shannyn Hunter | 7 Comments   

by Shannyn Hunter Conveyancer shannyn@lawyersconveyancing.com.au Lawyers Conveyancing On Monday morning purchasers can experience a real estate hangover. After a weekend of elation at finding their dream house and pressure from the agent to make an offer, Read More...

Filed under: Conveyancing, Estate agent, Deposit, Conveyancer, Purchase, Lawyer, Deception, Finance, Sale, Agent, Residential, Valuation, Contract, finance condition, real estate, special condition, solicitor, legal advice

Great Rate, With A Terrible Headache
28 November 07 02:43 PM | Shannyn Hunter | 2 Comments   

by Shannyn Hunter Conveyancer shannyn@lawyersconveyancing.com.au Lawyers Conveyancing Imagine my client’s glee when he received pre-approval for a loan to buy his first home. The broker had found him a low rate - he hadn’t been able to borrow enough from Read More...

Filed under: Conveyancing, Deposit, Purchase, Finance

Non-Standard General Conditions
14 June 07 12:55 PM | Peter Mericka | 0 Comments   

by Peter Mericka B.A., LL.B Real Estate Lawyer Qualified Practising Conveyancer Victoria Director Lawyers Real Estate Pty Ltd At Lawyers Conveyancing we check a lot of real estate contracts as part of our pre-purchase legal advice service . Recently we Read More...

Filed under: Conveyancing, Finance, Contract, finance condition

Lousy Advice Can Be Costly
01 May 07 03:41 PM | Peter Mericka | 0 Comments   

Consumers are again warned about "throw away" legal advice from estate agents. A client of ours has just called to ask whether the estate agent was correct in advising him to sign a Contract Note, even though the date for payment of the deposit expired Read More...

Filed under: Estate agent, Deception, Finance

Cunning Commission Clause
01 May 07 02:57 PM | Peter Mericka | 0 Comments   

by Tim O’Dwyer M.A., LL.B Queensland Solicitor & Consumer Advocate watchdog@argonautlegal.com.au Buyers default, seller still "liable" to agent. A young home-seller had to change solicitors when a problem arose on his sale. Apart from the same solicitor Read More...

Filed under: Estate agent, Finance, Commission

Estate Agents & Home Loans - Conflict Of Interests?
30 April 07 03:12 PM | Peter Mericka | 0 Comments   

by Peter Mericka B.A., LL.B Real Estate Lawyer and Qualified Practising Conveyancer Victoria Lawyers Real Estate Ask any estate agent who they work for, and they will readily identify the vendor as their client. Ask the same estate agent about any duty Read More...

Filed under: Finance

Estate Agent's Finance Clause
30 April 07 11:41 AM | Peter Mericka | 2 Comments   

by Peter Mericka B.A., LL.B Real Estate Lawyer and Qualified Practising Conveyancer Victoria Lawyers Real Estate Consumers should take care if they find that this estate agent's "Conditional On Finance" clause has been inserted into the real estate contract. Read More...

Filed under: Estate agent, Finance

Long Overdue: Regulation Of Finance & Mortgage Brokers
30 April 07 11:32 AM | Peter Mericka | 0 Comments   

by Tim O’Dwyer M.A., LL.B Queensland Solicitor & Consumer Advocate watchdog@argonautlegal.com.au It has been almost two years since the release of the Ministerial Council of Consumer Affairs’ Discussion Paper detailing options for a national regulatory Read More...

Filed under: Finance

Bully Banks Cost Battlers $Millions
30 April 07 10:05 AM | Peter Mericka | 0 Comments   

by Peter Mericka B.A., LL.B Real Estate Lawyer and Qualified Practising Conveyancer Victoria Lawyers Real Estate For some time now a number of banks and non-bank lenders have been promoting themselves as "the battler's buddy", while illegally forcing Read More...

Filed under: Finance

Witnesses Beware!
28 April 07 11:24 PM | Peter Mericka | 0 Comments   

by Tim O’Dwyer M.A., LL.B Queensland Solicitor & Consumer Advocate watchdog@argonautlegal.com.au A recent court decision in New South Wales rings warning bells to all those asked to witness property documents. The law is familiar, the Court of Appeal Read More...

Filed under: Lawyer, Finance