I am in the same predicament as well. Calling the developer first thing tomorrow morning to settle this. Wish me luck.
Developer charged late payment interest
Developer charged late payment interest
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Feb 11 2019, 04:28 PM
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#1
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I am in the same predicament as well. Calling the developer first thing tomorrow morning to settle this. Wish me luck.
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Feb 11 2019, 04:32 PM
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#2
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Feb 11 2019, 04:47 PM
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#3
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QUOTE(cempedaklife @ Feb 11 2019, 04:45 PM) gone case, but like others said. go get the chronology of events from lawyers and banks, ask them about the delay at each end. and try nego with developer. I wish I know about this sooner. Sigh now it seems like I am fighting a lost cause.for the benefits of others, when buying a property, its on you (yes YOU! not developer, not lawyer, not banks) to make sure the bank releases the first payment on time. subsequent payment usually no issue as they have the record and everything is setup already. YOU need to call developers if pending developers end, you need to call lawyers if you still waiting lawyers action, you need to call banks when everything is ready just wait them releases first payment. that's the way it is. unfair but that's the reality. its like all those big corporations should have the manpower, process to do this and follow up, but no! you give them business, you still need to follow up yourself |
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Feb 11 2019, 04:50 PM
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Feb 11 2019, 04:57 PM
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QUOTE(cempedaklife @ Feb 11 2019, 04:52 PM) Not sure how did they come up with this amount. In the interest notice that they sent they specify some period with 10% interest. Sigh what a way to start the year. |
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Feb 11 2019, 05:24 PM
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Feb 11 2019, 05:34 PM
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Feb 11 2019, 06:10 PM
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Feb 11 2019, 09:03 PM
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Feb 12 2019, 09:06 PM
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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, 07:26 PM
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#11
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