n Personal Finance Newsletter - A legal loophole that could cost you some serious money : property

Volume 2006, Issue 303
  • ISSN :



Extracted from text ... PROPERTY A legal loophole that could cost you some serious money Attorneys' and estate agents' trust accounts are backed by fidelity funds in order to protect you against sticky fingers within the firm concerned - but not necessarily against external fraud via electronic banking. By JACKIE CAMERON EDITOR'S NOTE: This article was originally published on the Moneyweb website, www.moneyweb. co.za. However, many of our subscribers may be engaging in property transactions, particularly retired people who are selling their houses to downsize to a cluster home, townhouse, or unit in a retirement village. Whilst various Acts govern the holding of ..

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