Read the full judgment text of DCMP 001314/2007 on BabelCite. This District Court judgment was delivered on 1 April 2008.
1. The Fu’s (the Plaintiffs) became the owners of various lots of land in the northern New Territories. Lot No. 1582 in Demarcation District No. 79 is one of them. They intend to sell the lot and have entered into agreement with the purchaser. Completion would take place this month. The land search reveals that the lot is subject to a mortgage in favour of Ip (the Defendant) created in 1936. There is no indication of discharge of that mortgage ever since. The Fu’s took out these proceeding
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