House in transfer stage

[yellowyeti]

If a property is in the process if been sold and in the transfer stage is it possible the sale can still fall through?.And what are the possible reasons for this happening.

 

[RedViking]

Your contract should have a clause stipulating under what conditions it can be canceled?

 

[The_Ogre]

Yes it is poasible.

If you go out and make more debt causing your financial situation to change substantially for the worse, the bank can refuse to honour it's word.

There is good reason why experts warn not to make a loan for your house's deposit and this is exactly the reason.

Remember, the bank only pays the bonded amount over to the conveyancing attorney on the day that transfer happens. Only then do you have a contract with the bank. Between the time when you signed the paperwork and when the bank registers the bond, you have to make sure your financial situation does not change because the bank will check your credit record again shortly before registering your bond and informing the conveyancor to proceed with deeds regustration.

 

[yellowyeti]

How would you find out if a house is in the transfer stage.Who would have access to this information.
Is it publically available knowledge or protected under privacy laws?
I would imagine the estate agent facilitating the sale would know are they allowed to share with a third party this information?

 

[Pho3nix]

How would you find out if a house is in the transfer stage.Who would have access to this information.
Is it publically available knowledge or protected under privacy laws?
I would imagine the estate agent facilitating the sale would know are they allowed to share with a third party this information?

They aren't allowed to share. You want a house someone has already bought?

 

[yellowyeti]

They aren't allowed to share. You want a house someone has already bought?

No I am in the process of selling my townhouse and the trustees in the complex know that its in transfer but I never told anyone and its only a week into the sale. I am trying to determine where they got this knowledge from and if I can sue them and whoever told them my personel business.They are now trying to use this information against me.I am part of a move to remove these trustees and even though I am hopefully moving soon I don't want to leave my long time neighbours high and dry and they are trying to stop me from voting.

 

[Tman543]

No I am in the process of selling my townhouse and the trustees in the complex know that its in transfer but I never told anyone and its only a week into the sale. I am trying to determine where they got this knowledge from and if I can sue them and whoever told them my personel business.They are now trying to use this information against me.I am part of a move to remove these trustees and even though I am hopefully moving soon I don't want to leave my long time neighbours high and dry and they are trying to stop me from voting.

The transfer attorneys need to apply for rates and levies clearance certificates. they might have been in contact with one of your trustees/managing agent. I don't see this as the sue-able case.

Anyway the bottom line is you are eligible to vote until the date of registration of transfer, so before this you are still the owner and part of the complex.

 

[The_Ogre]

No I am in the process of selling my townhouse and the trustees in the complex know that its in transfer but I never told anyone and its only a week into the sale. I am trying to determine where they got this knowledge from and if I can sue them and whoever told them my personel business.They are now trying to use this information against me.I am part of a move to remove these trustees and even though I am hopefully moving soon I don't want to leave my long time neighbours high and dry and they are trying to stop me from voting.

A lot of time the bond attorney also does the conveyancing part (if they are registered to do so).

In both cases when I sold, I had different companies do the bond and conveyancing.

In your case, the latter needs to get clearance certificates from your BC.

So, yes, the trustees would know.

 

[yellowyeti]

A lot of time the bond attorney also does the conveyancing part (if they are registered to do so).

In both cases when I sold, I had different companies do the bond and conveyancing.

In your case, the latter needs to get clearance certificates from your BC.

So, yes, the trustees would know.

Well its a good thing I didn't go full hulk on them.Hate how these untrustworthy people know my business.

 

[Other Pineapple Smurf]

No I am in the process of selling my townhouse and the trustees in the complex know that its in transfer but I never told anyone and its only a week into the sale. I am trying to determine where they got this knowledge from and if I can sue them and whoever told them my personel business.They are now trying to use this information against me.I am part of a move to remove these trustees and even though I am hopefully moving soon I don't want to leave my long time neighbours high and dry and they are trying to stop me from voting.

I'm busy buying a flat and it's the front news of the small-town newspaper.

The number of people involved in a sale is really everybody because so much information needs to be gathered from multiple sources.

It's not "personal business", it's public records in the end. Just hop onto WinDeed for example and swipe your card for all the info you want on completed sales.