Following the sale of a property as mortgagee in possession Perpetual paid the surplus proceeds of sale into Court. A caveat lender then sought orders that the money be paid to it. The borrower had no defence and the court made the order.
Following the sale of a property as mortgagee in possession Perpetual paid the surplus proceeds of sale into Court. A caveat lender then sought orders that the money be paid to it. The borrower had no defence and the court made the order.