Quote:
quote:Originally posted by ari
Has anyone had any experience with the purchase of land prior to issuance of titles?
My concern is the deposit...they wanted 10%, finally agreed to 5%(back in Feb) and the titles are still some way off. Now this $27,250 deposit could of been put to good use elsewhere.
Do Real Estate trust a/c's earn interest just like Solicitor Trust a/c's? Who's getting the interest?
Thats why you have a lawyer to explain the ins and outs of each individual transaction. Get him to write up a conditional contract dont allow the real estate guy to do it. macdunk