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 Lawyers Corner, A one-stop centre on lawyers and queries

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saladin7
post Sep 22 2011, 06:19 AM

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Hello everyone.

I need serious help. My loan is stuck!! icon_question.gif icon_question.gif icon_question.gif

I have bought a house (auction at high court) last June and only left less than a month before the loan should already release (within 120 days).

My problem is the legal that represent the old owner of the house(bank) did not want to issue letter of undertaking. While my lawyer said my bank didn't want to release loan if they didn't have the letter.

WTF!!! So i don't know which one is suppose to do first? If each party is waiting for each other then it is a deadlock. Can u guys explain so i know which party should i push. tqvm

Is it true that the letter is at high court and my lawyer need to get it from high court before loan can be disburse?




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