I don't think it needs to be very complicated jimmybee.

I think you'd want to put a settlement offer to your trustee and explain the source of the funds.

If that were accepted (and I think you'd want written confirmation that it will result in the trust deed being completed and you being discharged) you'd then want your father to make the payment to the trustee.

Giving the money to you might cause complications, though it would be OK I suppose if you had confirmation in advance from your trustee that they are OK with this.

Thats great, thank you so much for your responses,so quickly, your forum is just the best, keep up the good work.

I'm currently dealing with the equity after my 3 years payments. The person who's buying the equity from the Trustee basically wrote them them with a payment plan to 'purchase' it - they confirmed it was acceptable in writing. FYI, it's over a 2 year period.

Hi jimmybe

It depends if you mean buy out interest in property or pay to finish the trust deed early. Both should be fairly straight forward. If its to finish the trust deed early, the trustee will need to make sure where the funds are coming from and be satisfied that there is no potential windfall or increase in income before proceeding.

Mark

The letter states my final payment contribution was november, for my trust deed, and its to buy out his interest in the equity of the property, and the car, although as stated in another blog i believe his evaluation is too high for the property as houses cant sell even below the asking price in this area. Thanks again