NSW Double Exchange on Property

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Robbert

Active Member
10 July 2020
8
0
31
I exchanged on a property in NSW and released the deposit. My financier declined to settle due to undefined adverse circumstances and my deposit was forfeited. I subsequently discovered that the property was exchanged before I had exchanged, also on a released deposit and was due for settlement after my contract was terminated.

I understand misleading and deceptive conduct by the vendor. However, anything else?
 

Paul Cott

Well-Known Member
LawConnect (LawTap) Verified
26 May 2014
342
100
889
Ballarat, Victoria
Hi Robertt, relief from forfeiture, consideration wholly failed, unjust enrichment in restitution and possible fraud. Good luck.