Latest "Clayton's" Finanace Approval Letter

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 brokers keenness to show me that my clients finance had been approved - by way of a copy of a letter from the lending bank confirming that the loan application had been Unconditionally Approved. (see: Clayton's Finance Approval (The Approval You Have When You Don't Have Approval) ). Responsible conveyancing...(read more)

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[Source: Australian Real Estate Blog]

Victoria's Section 32 Statements - Tread Warily In This Conveyancing Minefield

by Tim O'Dwyer M.A., LL.B Solicitor Consumer Advocate watchdog@argonautlegal.com.au Victorias solicitors have been informed by their Legal Practitioners Liability Committee (LPLC) that their mishandling of property conveyancing is one of the most costly sources of clients negligence claims. Whether acting for vendors or purchasers, conveyancing solicitors have been warned to be especially careful regarding Section 32 Statements. Section 32 of Victorias Sale of Land Act 1962 requires vendors...(read more)

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[Source: Australian Real Estate Blog]

Be Cautiously Kind To Sellers' Agents

by Tim O'Dwyer M.A., LL.B Solicitor Consumer Advocate watchdog@argonautlegal.com.au Although agents use slogans like "Nobody does it better", "The right advice", "More personal attention" and "We'll look after you", they are really offering buyers something for nothing. At all times the agency s legal duty is to their clients, the sellers. The agent s prime job is to find a buyer at "the best possible price and contractual terms for the seller". The least expensive part of buying a home is the looking....(read more)

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[Source: Australian Real Estate Blog]

Be Cautiously Kind To Sellers' Agents

by Tim O'Dwyer M.A., LL.B Solicitor Consumer Advocate watchdog@argonautlegal.com.au Although agents use slogans like "Nobody does it better", "The right advice", "More personal attention" and "We'll look after you", they are really offering buyers something for nothing. At all times the agency s legal duty is to their clients, the sellers. The agent s prime job is to find a buyer at "the best possible price and contractual terms for the seller". The least expensive part of buying a home is the looking....(read more)

Read More...

[Source: Australian Real Estate Blog]