lease options / terms contract

Discussion in 'Loans & Mortgage Brokers' started by Elives, 28th Aug, 2015.

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  1. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    By selling an option you are giving someone an equitable interest in the property and this would allow them to lodge a caveat to protect their interest. This would be prohibited under the loan agreement, but a lender is unlikely to know unless they do another title search. I don't think there is any notification to mortgagee by the land titles office if a caveat is lodged.
     
    Terry_w, 30th Aug, 2015
    #21
  2. tobe

    tobe Well-Known Member

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    Good luck. There are enough ways to make money legitimately IMHO.
     
    tobe, 31st Aug, 2015
    #22
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