QUOTE(Ziv @ Dec 6 2012, 09:25 AM)
Hi Dariofoo,
I bought a property on year 2009. Bad vendor refuse to sell / disappear after received 10%, refuse to receive any letter that send by my lawyer by hand.
Due to both of us appointed same lawyer because that time i thought same lawyer wil more easier and faster. But my lawyer said very hard to sue the seller because seller don't answer call and don't want acknowledge receive letter, my lawyer ask me look for another lawyer if i wan to put tis to court, he can't help. Sigh~
I tried to look many other lawyers, but none of them want to accept my case, because it was messed up by previous lawyer, they need study the matter, and i wil blame them if they failed to fight for me.
So the case pending about a year.. even i also went to MCA about this, MCA said just think positive money can earn back as long i healthy should thanks god ady.
After a year...I managed found a good lawyer, after he viewed my case he very confidence he accepted the case and fight for me. We summon the seller ask him attend court...end up seller turned up and agreed ti sell. The property price increased ady but ofcuz we stil follow the S&P price which is signed on one year ago.
So everything start over again, inform bank lawyer that this case reopen and continue. My lawyer on hand got other many cases and his staff resigned..so my case pending and delayed but he did request seller to extend the complete time. Seller lawyer extended once to me ady, so is excited 3+1 mths ady.
On mth 4 nearly mth 5, bank panel lawyer oni infromed me tat she found my loan oni valid for one year frm te day i purchase the property (one year ago) now no longer valid, need to reapply/resubmit again!! But this time seller rejected to sell, he said follow S&P i can't complete the transaction on time n he gt right to forfeit my 10%..:'( sob sob.
One month later...my lawyer start chase me lawyer fees 10k, he said he done his job ady, juz the bank panel lawyer found my loan expired too late…
Hope u can advise me n sorry on my poor english n grammer.
Well, the problem seems to lie between the bank and/or the bank lawyer, from what little you have told me here.
What you need to do is to prepare a proper chronology of events from the commencement of your SPA (recent one) until the date of termination by the vendor.
Few things which you would need to seek clarification from the bank/bank's lawyer or from the documents in your possession:
1. Where is it stated that the letter of offer is valid for only one year?
2. Did you sign the loan documentation (facility agreement, charge, etc) ? Did the bank's attorney sign it too?
3. When was the bank lawyer appointed to prepare the documents (letter of instruction)?
4. Did you receive a letter in writing informing you that the approval for your loan has lapsed after one year and that you need to resubmit? Did they indicate it to you earlier at any time?
Any delay from your SPA lawyer's side? You need to gather evidence from their side as well to ensure that they did not slip up at any time and did not contribute to the delay.
Once you confirm which party is at fault - only then can you file a formal complaint against the law firm (via a complaint to the A&S DB) OR the bank (via their internal complaint mechanism and to BNM).
If you can show that the bank acted in such a way to lead you to believe that they would release the loan, then you can claim that they have misrepresented and breached their contract against you (via the letter of offer) - and that you can seek compensation from them.
If SPA is aborted, the lawyer normally charges only 50% of the scaled fees as the entire work has not been done. You would still need to pay your SPA lawyer but perhaps you can ask for a 50% waiver as mentioned.