Seller back out after offer letter is signed
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 Oct 4 2012, 09:46 AM
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#1
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Senior Member
3,024 posts Joined: Jan 2003  
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just sharing my own experience which encountered last month. I pay booking RM10K for a subsales and after I applied loan and lawyer sent draft SPA to seller's lawyer, the seller call off the transaction and end up he has to pay: -
1) Refund Deposit RM10K 2) Liquidated damages RM10K 3) Agent commission RM5K Total money that seller need to pay RM15K. But why you want to call off the deal? |
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Oct 4 2012, 10:03 AM
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#2
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Senior Member
3,024 posts Joined: Jan 2003
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Not to forget is wasting ppl time and effort....
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