Monday, December 28, 2009

Settled!

Well settlement has finally happened! It happened on 23rd December but I was too busy partying to make a post about it until now. Here's the timeline, for the day where settlement was scheduled for 10 am:

7 am - Perpetual LMS (who is acting on behalf of ANZ) informs our solicitor that they are not authorized by ANZ to complete settlement. Mortgage agent contacts ANZ, reminding them that they will be costing us $3000+ if they don't settle today, and we'll be asking for compensation. Our solicitor had already informed Perpetual the previous day that we would be asking for $3000+ if they didn't settle today.

9 am - ANZ realizes they had indeed not authorized Perpetual to settle, and arranges to settle at 3pm the same day

4 pm - Much to everyone's surprise, the land is settled!

Our contribution ended up being much less than we had budgeted for, so we now have quite a bit of money left over, despite our best attempts to spend it over christmas. Things are looking good. I've informed our Metricon CSC about the settlement but he's on holiday no doubt.

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