Dec 25 2009, 07:34 PM
QUOTE(tpleong @ Dec 24 2009, 04:10 PM)
If it is the other side lawyer's fault, u will not be penalised. Read the S & P properly, everything is spelt out in the agreement. Every documents, there is a certain time frame given, if exceeded, it will not be taken into account of the 3 months period.
However, having said that....it is sad to say that bankers as well as lawyers are so inefficient nowadays.
yeah, i know that However, having said that....it is sad to say that bankers as well as lawyers are so inefficient nowadays.
as for the inefficient issue, i can tell u why
as for the lawyers, they did not aware what his/her assistance (or secretary) did , most of the time, simply they r too busy; they always type wrongly the address, or etc with the document; forgot to summit one/some of the important document to bank/land office; they r delay to do the work due to the other side's lawyer's assistance or secretary (seller/buyer) mistake; they can not contact the other side's lawyer (maybe in the holiday or busy or intend to do that for some purpose), etc
as for the banker, actually, nothing to do with them, but s/he in fact has the reponsibility to monitor the loan procedure until fully disburse
, however, if u has good relationship with the banker, s/he can help u to in the process of disbursement
in my case, vendor's lawyer forgot to stamp with the document before summit to bank for disbursement........it takes 2 weeks to get the stamping .,
to change the name of the bank (from multi purpose bank to alliance bank), it takes 2 more weeks, why.....besides, my lawyer's secretary i have tried to call to the bank to get the form for change the name, no one want to entertain me........because no one want to take the responsibilty for this issue in the bank, to get the cheque courier from the bank to my lawyer before bankin for my vendor's lawyer, the process it take 1 week, when the lawyer is in the holiday, it takes 1 more weeks to process...................
since the process, get involve with ur S&P lawyer, ur S&P lawyer's secretary, ur loan lawyer, ur loan lawyer's secretary, ur vendor's S&P lawyer, ur vendor's S&P lawyer's secretary, banker, staff of the bank for both parties, courier parties, etc....................how can u control the condition to be efficient...............i call everyday to ensure they can process it efficiency with the assitance of the banker....but endup..........still delay 2 more weeks, to fully disburse to vendor
of course, almost all the holidays r in the firday..also is the issue for this mthThis post has been edited by asiatrader98: Dec 25 2009, 07:37 PM
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