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Property Law Act Notice

Just Received a PLA Notice, What’s Next?

Property Law Act PLA Notice What Does It Mean Help

by Mortgage Rescue Information
May 16, 2020
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Category: Property Law Act Notice

What happens when you can no longer afford to pay your mortgage? Calamity can strike any person. It could come in the form of being laid off at work, a failed contract or legal action if you are in business, or a personal issue like divorce, death or an accident. Whatever the case may be, home loans […]

by Mortgage Rescue Information
May 02, 2020
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Category: Mortgagee Sale, Property Law Act Notice

Can You Challenge a Defective PLA Notice? According to New Zealand’s Property Law Act (2007), a mortgagee reserves the right to call up as payable, the entire principal amount, interest, and any fees and penalties being secured by a mortgage if the mortgagor (you the homeowner), stops paying their repayments, defaults or fails to meet or […]