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> Overdue Defect Notice & Witholding Stakeholder Sum, Sample Letters

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b00n
post Sep 13 2007, 01:23 PM

delusional
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From: Wouldn't be around much, pls PM other mods.
QUOTE(aaronpang @ Sep 13 2007, 11:53 AM)
Its the lawyers, typically your S&P lawyers! If I'm not mistaken...  tongue.gif
*

who can confirm that?....I thought it's the bank's lawyer....
The bank would issue the last check/payout but it's not directly debited into the developer's account. The lawyer would held on to it until the specific time frame is over.

b00n
post Sep 13 2007, 04:58 PM

delusional
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From: Wouldn't be around much, pls PM other mods.
thanks, because I forgot which document that I signed actually contained the "stakeholder withholding 5%" clause.

 

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