Senior lawyers divided on ASB mortgagee sale ruling impact
The High Court's interim orders halting a $3.2 million ASB mortgagee sale have left legal experts split on what precedent it sets.
The High Court in Auckland issued interim orders on 30 June that temporarily prevented ASB Bank from proceeding with a $3.2 million mortgagee sale for 15 working days. The ruling has prompted debate among senior lawyers about what implications the decision will have more broadly for banks' ability to sell properties from under mortgagors.
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Lawyers split on impact of ASB mortgage case precedent
Senior lawyers are divided on the impact of a High Court ruling over a bank’s ability to sell a house from under its owners. The High Court at Auckland on June 30 issued interim orders preventing ASB Bank’s $3.2 million…