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Bond/Home loan Clearance
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<blockquote data-quote="Jazzy" data-source="post: 821160" data-attributes="member: 2010"><p>If you do decide to cancel/settle-in-full then i'll add these points: even after notifying the bank of your intentions(and transferring the full outstanding amount to your bond account. ), after they connect you with the attorney and you pay theor fees (which are now 50% higher than quoted in that linked article), you still need to contact the bank again to get a confirmation that have cancelled the debit order! I had the nasty surprise of having the installment still go off on a settled bond... wrt to insurance, in my case it was never held by the bank anyway so confirm that with the bank (I assumed). The attorney process to lodge with Deeds was a month, then 2 more months to get the title deed</p></blockquote><p></p>
[QUOTE="Jazzy, post: 821160, member: 2010"] If you do decide to cancel/settle-in-full then i'll add these points: even after notifying the bank of your intentions(and transferring the full outstanding amount to your bond account. ), after they connect you with the attorney and you pay theor fees (which are now 50% higher than quoted in that linked article), you still need to contact the bank again to get a confirmation that have cancelled the debit order! I had the nasty surprise of having the installment still go off on a settled bond... wrt to insurance, in my case it was never held by the bank anyway so confirm that with the bank (I assumed). The attorney process to lodge with Deeds was a month, then 2 more months to get the title deed [/QUOTE]
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