VIC Builder Stopped Building New House with Mortgage - What to Do?

Australia's #1 for Law
Join 150,000 Australians every month. Ask a question, respond to a question and better understand the law today!
FREE - Join Now

Heather Allford

New Member
13 May 2015
1
0
0
My son is building a new house and the builder has run out of cash flow and has stopped building with $60,000 worth of work to go. What legal avenues can he pursue?

He is paying off a home loan (mortgage) to the bank and has nowhere to live,. The builder says it will cost $60,000 to finish, but my son has paid invoices with only $10,000 to complete the purchase. This building has been going for over 12 months. He needs help.
 

Rod

Lawyer
LawConnect (LawTap) Verified
27 May 2014
7,726
1,056
2,894
www.hutchinsonlegal.com.au