The lender obtained defaults judgment and the borrower sought to set them aside over 3 years later. The borrower argued at first instance and on appeal that: The lender was not the creditor because the benefit of the loans had been assigned to another entity and so the mortgages which remained registered in the name …
Frog Swamp v Statewide Secured Investments [2015] NSWCA 376 Read More »
A borrower defaulted on three mortgages and the lender obtained judgment for possession. The borrower’s estate was managed by the Office of the Protective Commissioner, by order of the Mental Health Review Tribunal. Some seven years later, the borrower sought to have the judgment set aside on the basis that the mortgages were unjust or …
RHG Mortgage Corporation (formerly known as RAMS) v Cvetkovski [2015] NSWSC 753 Read More »
The bank obtained default judgment against a family company which operated a vineyard, guaranteed by three brothers. One of the brothers applied to have judgment set aside on the basis of unjustness under the Contracts Review Act, and said the statement of claim did not come to his attention until months after default judgment was …
A sister suffering from schizophrenia provided a guarantee and mortgage for her sister’s loan and received none of the proceeds. The borrower defaulted and the lender sought possession. The sister’s lawyer filed a submitting appearance by mistake and the lender obtained default judgment in her absence. The sister had been notified of the proceedings before …
The borrowers defaulted on three farm loans and the bank claimed possession. The borrowers admitted the bank’s claim but argued the bank was estopped from seeking possession because of representations made by the bank at mediation that they would refinance the loans if an amount owing could be agreed upon. The court found no defence …
The lender sought judgement for: $6.8 million Two cattle stations Specified livestock This was granted in default of a defence being filed by a Registrar. However being a mixed judgement only a Judge had the power to enter default judgement (not the Registrar). It has been long accepted that a defendant is entitled to have …
The lender obtained default judgment. The borrowers failed to have it set aside, but were given at least two months’ to vacate before the writ could be executed. When the lender sought to take possession four months later, the borrowers claimed they did not get any correspondence indicating when the writ of possession would be …
The loan funds were deposited into the account of the wrong company, which spent them. The borrower had brought a claim against the bank, the broker and the company that got the money. Default judgment was obtained against the company. The company then filed an application to set aside the default judgment. The judge commented …
The bank had commenced proceedings after the borrowers defaulted on their mortgage. The borrowers had initially filed a defence that set out the circumstances of the default, being a serious fire and resulting difficulties with insurance and financial problems. However the court had struck this defence out because it did not set out any legal …
This was “a last ditch attempt by the executor to save a valuable family asset” according to the judge. The lender had claimed possession of secured land because the executors of a deceased estate were in default under the mortgage. The court had given the lender possession in May 2011 by default judgment. However the …
Dimitrovski v Australian Executor Trustees [2013] NSWSC 337 Read More »
