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Nevertheless, in an illiquid real estate market or if real estate prices drop, the property being foreclosed could be sold for less than the remaining balance on the primary mortgage loan, and there may be no insurance to cover the loss. In this case, the court overseeing the foreclosure process may enter a deficiency judgment against the ...
It clarified that the meanings of Art 8 ECHR and Art 8 HRA 1998 Sch.1 in the context of lender's repossession as to a home are identical and therefore perhaps also any sale. It used Section 3 of the Human Rights Act 1998 to interpret a pre-1998 statute purposively. [4] [6]
Repossession, colloquially repo, is a "self-help" type of action in which the party having right of ownership of a property takes the property in question back from the party having right of possession without invoking court proceedings. The property may then be sold by either the financial institution or third party sellers. [1]
The Queensland Housing Commission was a Queensland Government agency which was established in 1945 under the State Housing Act 1945.The agency aimed to improve the lives of individuals and families by providing access to secure, affordable and appropriate housing.
The Gold Coast's real estate market is one of the most dynamic in Australia, characterised by a combination of coastal luxury properties, residential developments, and investment opportunities. According to data from SQM Research, [ 120 ] the region has experienced significant property value growth in recent years, with both the median house ...
However, if TIC property is sold or subdivided, in some States, Provinces, etc., a credit can be automatically made for unequal contributions to the purchase price (unlike a partition of a JTWROS deed). Real property may be owned jointly with several tenants, through devices such as the condominium, housing cooperative, and building cooperative.
In September 1864, the first comprehensive Queensland local government legislation, the Municipal Institutions Act 1864, was enacted, repealing the previous Act. [15] The Act allowed municipalities to charge rates, borrow money, enact bylaws, control or regulate public infrastructure and utilities, and provide public amenities such as gardens and hospitals.
One significant contributor to CBD development was the construction of a new rail passenger terminal and re-siting of the railway workshops, [62] releasing prime real estate which formerly belonged to Queensland Rail for the development of residential units, retail projects and a new performing arts centre. The skyline of Townsville's central ...
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