Precedent set – Vendor recovers deficiency in sale price on the resale of their property!

While the current Contract for sale of Land clearly sets out the rights of a Vendor when a Purchaser defaults (unable to settle), we now have a case which supports it {Kelly v Galafassi & Anor [2013] NSWSC680} This Article…

Purchaser sued for deficiency in resale price – a real case to follow!

Toni Colette sued over deficiency in resale price Did you know the standard Conveyancing Contract allows a Vendor client to sue a Purchaser following default of the Contract and recover any deficiency in the purchase price on resale? This will…