I have recently purchased my first home and am currently now 3 weeks past settlement.
My side of the transaction is fully up to scratch and ready to go. The seller has said property and one other property. The seller is a single name on the title but is part owner of the second property with their partner. Both properties are in a joint mortgage, requiring the partner to sign release of mortgage form.
The seller's partner will not sign the form, meaning we are now stuck.
My question is, where do I go from here under Property Law? Do I just sit and wait for what seems might take months and months? Or is there something I can do to twist their arms to get them to sign?
We vacated our rental property 6 days after the contracted settlement date allowing for a few mishaps along the way.
Somebody please help!
My side of the transaction is fully up to scratch and ready to go. The seller has said property and one other property. The seller is a single name on the title but is part owner of the second property with their partner. Both properties are in a joint mortgage, requiring the partner to sign release of mortgage form.
The seller's partner will not sign the form, meaning we are now stuck.
My question is, where do I go from here under Property Law? Do I just sit and wait for what seems might take months and months? Or is there something I can do to twist their arms to get them to sign?
We vacated our rental property 6 days after the contracted settlement date allowing for a few mishaps along the way.
Somebody please help!