The Court granted a further stay of a writ of possession over residential property where the defendants presented apparently genuine unconditional offers of refinance sufficient to discharge the outstanding mortgage debt, notwithstanding that the defendants had already been afforded approximately seven months to repay, sell, or refinance and had failed to comply with earlier undertakings to vacate. The Court emphasised this was a final opportunity and that no further extension would be granted absent exceptional circumstances, and imposed an obligation on the defendants to notify the plaintiffs within 24 hours if the refinancing fell through.
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