What to know
- Notify the lender as soon as the property is seriously being marketed.
- Ask for the bank's exact cancellation-notice process and possible charges.
- The cancellation attorney and transferring attorney will coordinate settlement figures.
- Do not cancel debit orders or insurance prematurely.
Important Information
The information in Fabulous Homes Insights is provided for general property education and information. Property, tax, finance, sectional-title, rental, municipal and compliance matters can differ according to individual circumstances, contractual terms, scheme rules, municipal requirements and changes in law. Where necessary, readers should obtain advice from an appropriate attorney, conveyancer, tax practitioner, financial professional, property practitioner, engineer, inspector or other suitably qualified professional.
