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 Developer charged late payment interest

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TS255247
post Feb 11 2019, 11:42 AM, updated 7y ago

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Hi guys,

Wanna seek your advice/opinion about my case.

I made booking to new condo at end of Oct. then apply loan and sign letter offer in December also sign the loan agreement and S&P document with lawyer on 23 December 2018.

Then first progress billing letter issued was 28 Dec that request stage 2 payment need to be paid before 2 Feb 2019. so i keep calling and chasing lawyer firm and banker to fast fast executed my document before Feb..

8 Jan- Lawyer firm sent all documents to bank for execution.
18 Jan - Bank returned all documents to lawyer firm for stamping.
31- Lawyer firm finished stamping and sent letter of advice to bank for drawndown payment.
mid of Feb - developer saying that bank hasnt release payment. so i will be charge on late payment interest.

im so confusing with the progress.. what should i do now and how can i waive the interest as this is not my fault.. and seems lawyer firm and bank also wont admit is their fault too...

yeezai
post Feb 11 2019, 11:45 AM

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U need to bear the interest ...all lawyer are taichi master ..
TS255247
post Feb 11 2019, 11:47 AM

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QUOTE(yeezai @ Feb 11 2019, 11:45 AM)
U need to bear the interest ...all lawyer are taichi master ..
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no way. its not my fault.. !!!
LamboSama
post Feb 11 2019, 11:49 AM

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developer deadline too short. one month not enough. especially with all the holidays.
don't blame the lawyer. work with the lawyer to go after either bank or developer.
best get waiver, most likely easier.
SUSazhan82
post Feb 11 2019, 11:49 AM

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lawyer taking 15 days just to stamp.. LEL

anyway.. you need to pay laa..
and then sue your lawyer to recover the cost..
TS255247
post Feb 11 2019, 11:53 AM

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QUOTE(LamboSama @ Feb 11 2019, 11:49 AM)
developer deadline too short. one month not enough. especially with all the holidays.
don't blame the lawyer. work with the lawyer to go after either bank or developer.
best get waiver, most likely easier.
*
but the lawyer is developer side..i didnt pay any $ lawyer fees..
TS255247
post Feb 11 2019, 11:53 AM

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QUOTE(LamboSama @ Feb 11 2019, 11:49 AM)
developer deadline too short. one month not enough. especially with all the holidays.
don't blame the lawyer. work with the lawyer to go after either bank or developer.
best get waiver, most likely easier.
*
but the lawyer is developer side..i didnt pay any $ lawyer fees..
TS255247
post Feb 11 2019, 11:53 AM

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QUOTE(azhan82 @ Feb 11 2019, 11:49 AM)
lawyer taking 15 days just to stamp.. LEL

anyway.. you need to pay laa..
and then sue your lawyer to recover the cost..
*
usually stamp these loan document need how many days?
LamboSama
post Feb 11 2019, 11:54 AM

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QUOTE(255247 @ Feb 11 2019, 11:53 AM)
but the lawyer is developer side..i didnt pay any $ lawyer fees..
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rclxms.gif rclxms.gif rclxms.gif
well, then gone case.
but you can try deal with them nicely.
definitely don't expect bank to pay.
ycs
post Feb 11 2019, 11:56 AM

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you using developer lawyer, habis la laugh.gif

how you know lawyer not acting for developer benefit first?

This post has been edited by ycs: Feb 11 2019, 11:58 AM
zerorating
post Feb 11 2019, 11:57 AM

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QUOTE(255247 @ Feb 11 2019, 11:53 AM)
but the lawyer is developer side..i didnt pay any $ lawyer fees..
*
this is a major concern with free spa stuff (which is not free actually as the cost has been added on to property price)
gomen should ban this practice.

last time when i am using my own lawyer for properti purchase, those lawyer are the one demanded from the seller for extension as bank didnt managed to disburse money within 3 months.

This post has been edited by zerorating: Feb 11 2019, 11:59 AM
keyser soze
post Feb 11 2019, 11:57 AM

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Write letter to bank to compliant. If not mistaken the lawyer is the bank panel firm. The lawyer will freak out if the bank black list them.
kennykck
post Feb 11 2019, 12:01 PM

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Let's reveal the bank name so we can stay away from it
ed0gawa
post Feb 11 2019, 12:02 PM

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Report police, show them the report. Done
mycolumn
post Feb 11 2019, 12:11 PM

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QUOTE(255247 @ Feb 11 2019, 11:53 AM)
but the lawyer is developer side..i didnt pay any $ lawyer fees..
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this one mmg susah
s@ni
post Feb 11 2019, 12:11 PM

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QUOTE(255247 @ Feb 11 2019, 11:53 AM)
but the lawyer is developer side..i didnt pay any $ lawyer fees..
*
aaahhhh rclxms.gif rclxms.gif
xcxa23
post Feb 11 2019, 12:13 PM

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QUOTE(tan 99 @ Feb 11 2019, 12:05 PM)
Straight report bank negara. Let these faggot rot in hell
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This
Ask BNM for advise
Gip them all those materials/evidence


tifosi
post Feb 11 2019, 12:19 PM

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I had a similar case, delay was at the lawyer's end and they can come out with 1000000000 excuses why they are not liable. So negotiated with the developer and pay some part of the interest.

The hassle of suing the lawyer to ask them for negligible sum, forget about that. Lesson learn, for next property, chase the lawyer everyday and escalate to the BAR council of things are not moving.
nasiputih
post Feb 11 2019, 12:20 PM

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QUOTE(yeezai @ Feb 11 2019, 11:45 AM)
U need to bear the interest ...all lawyer are taichi master ..
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you are wrong.
all taichi masters learn from lawyers
melt
post Feb 11 2019, 12:22 PM

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you have black and white with your follow up? If yes report to the bar council



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