Purchaser’s Lien

Padovan v MGG Group [2011] NSWSC 1080

Mortgage Case Notes / October 28, 2019 / ,

Two purchasers provided scaffolding in consideration of the purchase price of units but completion did not occur and a refund was claimed from the developer but not made. An arrangement was then agreed whereby the amount owing by the developer would be offset by other property being conveyed to the purchasers provided the existing mortgage …

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Westpac v Victor Warren Ollis [2008] NSWSC 824

Mortgage Case Notes / October 28, 2019 / , , ,

In this case a large a sum of money was stolen from Westpac. Some of that money was used by the fraudster to pay out another lender’s mortgages. In previous proceedings Westpac had successfully obtained orders that it had a charge (similar to a mortgage) over the property by virtue of having supplied the discharge …

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