QUOTE(dreamadream @ Apr 23 2012, 12:09 PM)
Hi Dario,
Am a purchase and the seller's loan has been fully settled. Earlier on you advised to lodge a private caveat as a prudent move.
When i look through the quotation given by my lawyer, only one private caveat appears under the loan agreement quotation but not under the SnP, is this the standard?
Thanks!
Well, if there's no private caveat on the SPA part then there won't be a private caveat by you upon the property, until the bank lodges one (which you are paying for also). That means your lawyer does not intend to lodge a caveat on your behalf. If you want it, then bring it to his attention. Or ask his professional opinion. If the bank's caveat can be lodged soon and fast, then perhaps there is no need for you to lodge one on your behalf. Discuss with your lawyer and make a decision based on his advice, since he is well aware of the facts and current scenario.Am a purchase and the seller's loan has been fully settled. Earlier on you advised to lodge a private caveat as a prudent move.
When i look through the quotation given by my lawyer, only one private caveat appears under the loan agreement quotation but not under the SnP, is this the standard?
Thanks!
Apr 23 2012, 12:48 PM
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