6.5 C
New York
Tuesday, March 5, 2024

Court backs $2.7 million payout to Gold Coast couple hit by fraud

The Queensland government has lost its bid to avoid paying $2.7 million to a couple who lost their house after it was sold to them under fraudulent circumstances.

The Brisbane Court of Appeal’s ruling handed down on Friday potentially ends an almost six-year ordeal for Gold Coast couple Jess and Jackie Morecroft, who lost their newly purchased dream home that was secretly tied up in a feud within the original owner’s family.

Jess and Jackie Morecroft and their kids outside the home they bought in Mermaid Beach on the Gold Coast in 2018.

Jess and Jackie Morecroft and their kids outside the home they bought in Mermaid Beach on the Gold Coast in 2018.Credit: change.org

Mr Morecroft said outside court that the result was “unbelievable” and Ms Morecroft said she was “incredibly relieved”.

“It’s been such a long six years and to have the original decision confirmed unanimously was just enormous,” she said.

The Morecrofts bought the three-bedroom house in the Gold Coast suburb of Mermaid Beach for $1.265 million via a mortgagee auction in March 2018.

When the Morecrofts went to transfer the property title to their names, they found out the property had a caveat placed on it by its owner who claimed the house had been “fraudulently mortgaged by criminals”.

Supreme Court Justice Lincoln Crowley in February 2023 awarded the Morecrofts $2,751,666.32 for damages for breach of contract.

Justice Crowley found the Queensland government was liable to pay compensation under a section of the Land Titles Act that protects people “deprived of an interest in a lot” in circumstances such as fraud or incorrect titles.

During court hearings, the state government denied any liability to pay compensation to the Morecrofts, arguing their interest in the house had never existed, had no value and the other parties in the case were responsible for any losses.

Source link

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
3,913FollowersFollow
0SubscribersSubscribe
- Advertisement -spot_img

Latest Articles