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After my bank makes first drawdown..., follow up
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TSleongal
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 Jan 28 2010, 03:11 PM, updated 16y ago
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When my bank gets the instruction from the lawyer to make the first drawdown, I understand that the bank will take up to 5 days before releasing the money. Then, I understand that the seller's bank is given up to 14 days to provide all the property title. (Am I right?)
I want to know during this process, who can I follow up with? I can't access to the seller's banker? I just have to wait and nothing that I can do?
And, when the seller's bank hands the documents, will it be straight to the bank's lawyer or will it go to the bank first? (my worry that - this will take up time)
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TSleongal
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Jan 28 2010, 08:53 PM
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QUOTE(Tohsan @ Jan 28 2010, 07:14 PM) Chase your lawyer, ask for the reason of delay, u need to "kick" them literally to speed things up. When u kick them they will kick the bank side hence things will speed up a lil bit. You don't have to know what document is pending, you just need to know when is the exact date of handling over the keys to you. Whatever paper work let them sort it out.  i have been kicking both sides lawyers - the seller's lawyer and my lawyer (sometimes they respond and sometimes they don't, then my lawyer can get frustrated - can hear it from their sound)....something I feel bad even though I think I have the RIGHT to do so....IF they have done the things efficiently, the bugging wouldn't be there.... thanks for your advice btw, i don't think they can give me the exact date, but I will try asking again |
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TSleongal
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Jan 29 2010, 12:02 PM
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QUOTE(Goneraz @ Jan 29 2010, 11:52 AM) Haiyah... i Kena the same problem... after the first draw down u have to keep chasing the lawyers.. for my case my lawyer was very prompt and fast when it comes to respond. But she dont chase the seller's lawyer. The seller's lawyer is an asswipe good for nothing smug. Thinks the world of himself, made it sound like my case is insignificant. Always late when it comes to paperwork. I keep chase my lawyer, but I think they take it as "tell them right ear, come out left ear", they say they will call up the seller's lawyer, then next day I ask whether she call onot, then she say no....  On my side too, I have been contacting the seller's lawyer too....and yes, the seller's lawyer is unresponsive at times....she only responds when my lawyer is efficient, but when talking about her efficiency, then she will just ignore.... |
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TSleongal
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Jan 29 2010, 03:30 PM
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QUOTE(Tohsan @ Jan 29 2010, 03:24 PM) u need to emphasis that any delay or interest charge by bank you will blame the whole scenario on them,the lawyer n bank staff incompetent n slack, and you are not going to pay for the interest, write that down in black and white attention to your lawyer and bank, fax to them. Remember to cc the letter to maybe local mp for slack of work attitude as well as cc copy to CEO and directors of the bank. Thank you for the guide. I will definitely do so! |
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