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Vol 23 No 3 March/April 2018

Book of the Month

Cover of Scamell and Gasztowicz on Land Covenants

Scamell and Gasztowicz on Land Covenants

Price: £225.00

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The Law of Real Property Mortgages 2nd ed

ISBN13: 9781862879393
Published: October 2013
Publisher: The Federation Press
Country of Publication: Australia
Format: Hardback
Price: £80.00

Despatched in 2 to 4 days.

This book examines the principles and practice of real estate mortgages in an easily accessible text referenced to all the Australian States.

It specifically deals with the major theoretical and practical aspects of the land mortgage, including vitiating factors in formation, mortgagees’ powers and duties and mortgagors’ rights – both statutory and other – as well as assignment, insurance and discharge.

It focuses exclusively on real estate mortgages and provides a thorough account of the law through analysis of the plethora of court decisions and statutory provisions in this area. Duncan and Dixon analyse the substance of the mortgage transaction from creation through to rights of enforcement.

In its detailed consideration of the rights and obligations of mortgagors and mortgagees, it covers topics such as priorities and tacking, insurance, variation and assignment, rights of discharge, entry into possession, foreclosure and power of sale. In addition, the book contains a separate chapter on factors that may affect the validity and enforcement of a mortgage, together with separate consideration of a mortgagee’s right to enforce a guarantee provided on behalf of a mortgagor, and the rights and liabilities associated with a receivership regime initiated by a mortgagee.

Key changes in this edition concern:-

  • the effects of the Personal Property Securities Act 2009 (Cth) on priorities between mortgagees and security interest holders with respect to fixtures;
  • the impact of the National Consumer Credit Protection Act 2009 (Cth) and the National Credit Code, and the new ASIC Act provisions relating to unfair contracts;
  • the numerous recent decisions on forged mortgages;
  • statutory changes in New South Wales and Queensland with respect to the execution of mortgages and mortgagees’ obligations when exercising power of sale;
  • additional material on “all monies” clauses.

Other Jurisdictions , Australia
Part I - Introduction
The Torrens System Mortgage

Part II - Formation of a Torrens Mortgage
Execution of a Mortgage
Factors Vitiating Validity or Enforcement of Mortgage

Part III - Rights and Obligations of Mortgagor and Mortgagee
Rights of Mortgagor
Priorities and Tacking
Variation and Assignment of Mortgages
Discharge of Mortgage

Part IV - Mortgagee’s Remedies on Mortgagor’s Default
Entry into Possession and Foreclosure
Exercise of Power of Sale

Part V - Concurrent Remedy on Mortgagor’s Default

Table of Cases/ Table of Statutes/ Index