Signatures Need to be Consistent on all Documents

Published on Thursday, 6 April 2017 at 12:00:00 AM

Some time ago we attended a settlement at the Commonwealth Bank for a Buyer client who was purchasing a property in Morawa.

To finance the purchase the bank had taken a mortgage over the property being purchased, together with a mortgage over another property that the Buyer already owned.

On checking the signatures on the two Mortgages and our Transfer of Land document for the property being purchased, the Bank discovered that the Buyer had signed his name differently on all three documents.

Settlement was called off by the bank until we could produce a letter from our Buyer stating that he had three signatures, and providing samples of his three signatures on the bottom of the letter.

We quickly arranged for our Buyer to call at our office to comply with the banks request, emailed the letter to the Commonwealth Bank who proceeded to settlement, albeit about two hours late, much to the relief of the Buyer and the Seller.

At Sanford Settlements we promptly attend to any special requirements and address any anomalies identified by third parties to a transaction, to ensure that settlements are completed on the due date and to the complete satisfaction of our clients.

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