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Financial deposit got stuck for buying condominium, how to get it back?

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dr2k3
post Jun 18 2010, 05:14 PM

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From: Bermuda Triangle
QUOTE(jasonlim @ Jun 18 2010, 04:56 PM)
thanks for ur valuable input smile.gif
sure i gan jeong bcoz my money is stuck there

1) he won't want 2 cancel the deal..coz he want to sell and get the money..for my side, i need to wait dunno when to become the legal owner of the property..and i can see he don't mind waiting and of course he has no money stuck in between

2) not applicable for my case coz he nvr say want to sell to other

3) he can still sell at the same old price..unless he wanna gain more money

4) i m not worry of he kicking me out..but i m more concern of if one day the deal is call off/not successful for whatever reason..and i have out move out and find a new place to stay or buy?that does not favor me right? and if i renovate only after the name transfer, it will be a hassle for me..again,not fair to me right?

seems like your comment is more on the seller side..correct me if i m wrong
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if he let you stay before the transaction complete why not treat the deposit as "rental fee"?

if he kick you off and sell to other people u still can get back the deposit "legally"

it's like free stay if you ask me

This post has been edited by dr2k3: Jun 18 2010, 05:16 PM
dr2k3
post Jun 18 2010, 05:33 PM

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From: Bermuda Triangle
QUOTE(leongal @ Jun 18 2010, 05:30 PM)
if sign jor s&p and the problem is with the seller, the seller will nit to return you all the downpayment

if you scare, you can ask your lawyer add - if deal not success, the seller bear the legal fees
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+ moving fee and emotional stress fee tongue.gif

 

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