late payment charges how much first?
Developer charged late payment interest
Developer charged late payment interest
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Feb 12 2019, 10:40 AM
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Senior Member
1,829 posts Joined: Mar 2013 |
late payment charges how much first?
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Feb 12 2019, 10:43 AM
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Newbie
5 posts Joined: Dec 2017 |
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Feb 12 2019, 10:51 AM
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Newbie
5 posts Joined: Dec 2017 |
QUOTE(jfarm86 @ Feb 11 2019, 05:35 PM) im lucky then, they're dev assigned lawyer since free stamping duty and legal fees. hello.. thanks for your reply. meaning u get the lawyer helps you to proceed chronology of event then developer agreed to waive the late payment interest?got charged late interest payment on my first phase, i call and ask dev they tell me to get the chronology of event from lawyer. clearly the fault is not at me since i got follow up closely whenever i received the letter for each payment. one week later, dev issue the clearance letter and inform me regarding the waiver of the late interest payment. can ask, how's the chronology event process? what action or letter we need to prepare ya? |
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Feb 12 2019, 11:18 AM
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Junior Member
286 posts Joined: Nov 2007 From: Digiworld |
QUOTE(255247 @ Feb 12 2019, 10:51 AM) hello.. thanks for your reply. meaning u get the lawyer helps you to proceed chronology of event then developer agreed to waive the late payment interest? the chronology of event is just like a summary on the whole process on when the SnP is stamp, when receive LI, LO, and etc. As well as the loan process.can ask, how's the chronology event process? what action or letter we need to prepare ya? lawyer will have it, you just need to call and ask them or email them and told them the situation. As for appeal letter, you can just google and take any format and write on your own will do. Of course you need to deal with the right PIC on developer site. |
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Feb 12 2019, 11:36 AM
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5 posts Joined: Dec 2017 |
QUOTE(jfarm86 @ Feb 12 2019, 11:18 AM) the chronology of event is just like a summary on the whole process on when the SnP is stamp, when receive LI, LO, and etc. As well as the loan process. oh. so first thing i need to get the chronology of event from lawyer then write the appeal letter myself and attached the chronology of event..then send to developer PIC ? is that any supporting docs i need attached ? anything i missed from this appeal process?lawyer will have it, you just need to call and ask them or email them and told them the situation. As for appeal letter, you can just google and take any format and write on your own will do. Of course you need to deal with the right PIC on developer site. btw, can fully waive the penalty or just partial of the amount? |
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Feb 12 2019, 11:57 AM
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Junior Member
286 posts Joined: Nov 2007 From: Digiworld |
QUOTE(255247 @ Feb 12 2019, 11:36 AM) oh. so first thing i need to get the chronology of event from lawyer then write the appeal letter myself and attached the chronology of event..then send to developer PIC ? is that any supporting docs i need attached ? anything i missed from this appeal process? that's all you needed, unless developer need other docs.btw, can fully waive the penalty or just partial of the amount? fully waive or not is depends on the chronology event and developer decision, this i can't give you a definite answer. |
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Feb 12 2019, 09:06 PM
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Senior Member
7,356 posts Joined: Aug 2015 |
Just called the developer today and to my surprised they said they will get the chronology of events from the lawyer, and get back to me.
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Feb 13 2019, 11:09 AM
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5 posts Joined: Dec 2017 |
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Feb 13 2019, 07:26 PM
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7,356 posts Joined: Aug 2015 |
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Feb 13 2019, 07:30 PM
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Junior Member
213 posts Joined: Jun 2009 |
These are exact reasons why I chose to hire own lawyer. A lawyer can’t act on both sides right ? Can report the lawyer to Bar Council ?
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Jan 7 2021, 12:17 PM
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Junior Member
52 posts Joined: Jun 2020 |
So in the end did developer waive the charges?
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Jan 7 2021, 12:18 PM
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729 posts Joined: Mar 2007 |
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Jan 7 2021, 12:27 PM
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Junior Member
47 posts Joined: Jun 2009 |
QUOTE(255247 @ Feb 11 2019, 11:42 AM) Hi guys, Be an adult, learn how to write proper a letter explaining all this shit things and delays cause by lawyer or bank (if you feel their are responsible) to the developer. I believe you got sales person attending to you, find that sales person pass the letter to developer (don't pass to lawyer as you highly possible complaining the delays due to slowness by lawyer). 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... In most cases, the developer can waive the interest as usually the Late Payment Interest is computer generated and didn't take consideration external factors. |
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