10 Dec 2013
FECK v PAROHINOG [2013] NZHC 3294
- Citation
- [2013] NZHC 3294
- Court
- High Court
By consent and pursuant to the court's statutory powers under s 339 Property Law Act 2007, an immediate sale was justified to address mortgage obligations and preserve the property value, with sale proceeds to repay the first mortgage and costs and remaining funds held in a solicitor's trust account until parties' entitlements are determined.