Cancelling loan from bank after sign offer letter, S&P haven't sign. Any penalty?
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 Oct 18 2017, 10:53 AM
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#1
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Junior Member
35 posts Joined: Mar 2009 
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Hi Bros, if i have not paid any amount to Lawyer Firm for S&P agreement and Loan agreement, does it mean that I have not signed them? I have signed the LO from bank, can i still cancel the loan, thinking of withdraw now.
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Oct 18 2017, 11:11 AM
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#2
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Junior Member
35 posts Joined: Mar 2009
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QUOTE(lightbulk @ Oct 18 2017, 11:04 AM) I remember when u sign SAP the lawyer said once sign if cancel need to pay penalty of 10% of sap price even though I Haven pay them. Lo from Bank usually charge u 2k for cancellation. Thanks bro, i think i have not signed the S&P because I have not paid any reimbursements to law firm? Is it work like that? |
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Oct 18 2017, 10:15 PM
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#3
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Junior Member
35 posts Joined: Mar 2009
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QUOTE(jetwash @ Oct 18 2017, 03:00 PM) Not necessarily like that. Who are you buying from? Subsale or developer? from developer, the solicitor did give us a lot of papers to sign but I also wonder why they can process without received our payments, besides we received letter from developer asking us to pay the 10% down payment, is that normally work like that??Surely you'd know if you've signed the agreement? Lots of pages to initial too. |
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