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Camel 31

Years ago

36ers look at buying the Dome

All things must change .

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Anonymous

Years ago

Groves will argue the bank has no claim and seeks costs and damages as the dispute has lowered its value and made it difficult to secure tennants.

The bank seeks $5million plus costs.
AND a COPY of the title for the property !!

Reply #276758 Report this topic

Jack Toft

Years ago

If that is the case, it may make it difficult for the bank to seize that asset

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Jack Toft

Years ago

Loan defaults and debt collections are always tricky.

Repossessions get down to whose name is on the title and whether and how the asset was a secured asset in the first place. Transfer of title occurs once payment has been received in full.

The things to look for are:

* Name on title: Individual, partnership, trust, or company?
* Loan contract: Who name was the loan in, does it match the title, was the loan part of a much larger loan, what was the asset that was used to secured the loan.

A title search would confirm the title name, but only the bank and client would know the contract details. Without knowing the details, the bank would have the asset listed as collateral on some document or else it would not be chasing.

Conveyancing documents from the purchase would show whose name the asset is in and whether the asset is used as collateral.

Sounds like it will be a nasty one and could drag

Reply #276731 Report this topic

Anonymous

Years ago

The bank will have to successfully argue that they own it, first.
While Groves has stated - that it's owned by a member of his family and that repayments have not been late.

Reply #276695 Report this topic

Anonymous

Years ago

I have read a lot about what the reffs have to put up with. Players and spectators question calls and the way they argue ect. Well here is an example of the attitude of some reffs that causes a lot of these problems. Last night at the Woodville - Mavs reserves game one of the reffs refused to shake hands with players. I know he does not have to but this sort of attitude does not help in the least. One of the reffs shook hands but the other (most likely the younger one because of the length of his hair)refused. Lift your game mate and be a sport. If you want players to respect you then earn that respect.

Reply #836691 Report this topic

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36ers look at buying the Dome

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