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 Late Charges, Who should pay for the late charges?

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SAHM
post Aug 5 2015, 05:23 PM

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"Who is going to bare the interest?"

Unfortunately, the straight forward answer is : the purchaser, ie, you. Unless you / your lawyer can proof that the delay is due to allowable interest-free period, ie, generally delay caused by the vendor or his lawyer or his end-financier. In your case, looks like is a major delay in appointment / change of financier's lawyer, which is not the seller's fault.

 

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