Has anyone been in similar situation? Is it normal? What should we do to protect ourselves?
We bought H&L from Bell River on Alex Ave. Sunset date is 31 December 2015. The land was registered on 16/11/2015. But no settlement is scheduled.
It turns out that the land is registered on the wrong vendor, not the one that we signed the contract with.
I called our solicitor. They said that according to vendor's solicitor they are in the process of name correction on the title, that they will need one week to submit it (this was week ago). I called vendors solicitor, they told me that they really are. I called LPI but they did not find any lodgements neither about the name corrections nor about transfer. So I called vendors solicitor again and asked to provide me with the lodgement number that would prove that they are actually fixing the issue with the registration. They couldn't and admitted that there was nothing lodged to fix it and that they are going to move the sunset date.
Are we getting fooled? Land is registered, folios created, but no settlement.