July 2019 | Property Transfers and Trust Account Theft: A R720,000 Warning

Buying a property, whether to live in, work in or just as an investment, invariably involves a substantial amount of money changing hands.
Whether you are the seller or the buyer, the last thing you want is for the money to be stolen by a dishonest transferring attorney. If it happens, who carries the loss? Must transfer still be passed to the buyer? Who must lodge a claim with the Legal Practitioners Fidelity Fund and hope that it pays out without delay?
A recent High Court case involvin… …read more