LOL. I think about this as though I was coding up a program - unhandled exceptions = crash and burn. But I think I'll heed your warning. Time to...
@Perthguy I'll dig around. I'm past critical mass in my investment in this now :)
@Peter_Tersteeg I agree. I was also trying to explain to my mates that their property is not that special to warrant a risk on a buyers side...
Assuming Terry_w is right (this is why I like refernerces :) ), once the transfer papers are in, there is no gate to ensure the funds are...
Thanks @Perthguy. Makes good sense. Will use that for my flowchart :) Do you have any references I can use to verify those steps and/or provide...
Thanks Peter. I concur with your thoughts on the probability that things will go wrong is very small. The other part of the risk equation is the...
Thanks Terry_w. Your input has been invaluable. I also found a discussion on electronic transfers here: Buying a property.. what happens in the...
Terry_w, this sounds like there are proper processes in place to protect the vendor. Could you point me to any references that your comments are...
Thanks @JacM. The conveyances apparently said "don't worry, she'll be right". Guess what that did to my mates stress levels :) So I'm trying to...
Thanks Terry_w. Who would you be making the claim with? How long would it take? Who owns the house in the mean time? Fully agree from the...
Thanks DaveM. I may be using the wrong terminology. The concern is that under certain circumstances, the cheque may not be paid, e.g. fraud (refer...
Thanks JacM. That is my understanding as well. But the key word in your reply is normally. I am trying to understand just how much this process...
Hi, I'm a newbee so please be gentle ;) I am trying to understand the transaction process of funds/title/key transfer. My friends sold a property...
Separate names with a comma.
