Tagged: Conveyancing
Buying a House
To hand over the key beforehand is to hand over possession. If a purchaser gets possession before parting with the purchase money there is a great temptation to evade or delay the handing over of the purchase money, at least until it suits the purchaser.
Insufficient Evidence, Evidently
That wheeze, as we now know, also meant the âinvestorsâ? no longer knew the details of the mortgagor and whether he/she could make the repayments. That meant that very bad credit risks could be, and were, passed on as âinvestmentsâ?, resulting in the US sub-prime mortgage crash.