Lincoln’s home loan was due to expire, and he needed to find a new lender/mortgagee to refinance the balance. For almost a year, Lincoln kept promising his lender the refinance was about to happen. Eventually, Lincoln’s lender commenced the mortgagee sale process because the balance remained unpaid.
Did the mistakes in a Property Law Act notice change the course of history? If the notice had been correct, could Lee and Brian have kept their house?
What happens when a farmer is unable to make the payment on a harvester due to events outside their control?
Commercial lending allows a lender to calculate interest using the rule of 78. The Rule of 78 means the borrower must pay a greater portion of the interest rate in the earlier part of the loan cycle, which means the borrower will pay more than they would with a regular loan.
Lending to a family trust is not covered by the responsible lending obligations of the Credit Contracts and Consumer Finance Act.
Farid’s broker presented him with a loan offer, and Farid didn’t draw down the loan. Farid disputed paying the broker’s $3,000 fee.
What happens when the loan agreement does not reflect what you told your financial adviser you wanted?
An unregistered financial adviser promises to rescue a couple from a mortgagee sale only to make a bad financial situation worse.
Leighton’s father passed away after taking out a mortgage. The lender charged over $15,000 in mortgagee sales fees to the estate, even though the sale didn’t go ahead. Was the lender entitled to charge $15,000 in fees?
Is it unfair for a finance company to require a car yard to pay off all its borrowings before it releases its security over any of the vehicles in the yard?
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