Scenario

1) A sell house to B, didnt go through developer/agency. Deal direct but go through proper lawyer to do SNP.

2) A wants 20k in cash from B upon signing of SNP (this is separate from the 30K downpayment), while waiting for loan to release by bank.

3) example, SNP RM330k. Loan RM300k. A wants 20k, then bank loan release 300K to A. A will give a cheque to lawyer for this 20K while waiting for loan reimburse. once reimburse, B will bank in this 20k cheque to get back to 20K advance.


questions is

How risky is it to B? if lets say A cancel the cheque for the 20k when loan reimburse, will lawyer side able to do anything? or its solely between seller and buyer?

If after signing SNP, A gets the 20k cash, does A still got any ways to cancel the SNP and pull out from the deal + run away with 20k?

This post has been edited by pisces88: Nov 14 2019, 01:03 AM

the selling price is 330k.

30k is deposit which lawyer holds.

20k is cash which seller requested, cos need to use money urgently.


so total 30+20k from buyer given to lawyer, which lawyer will give all to seller after he sign SNP.

if this scenario risky?

Thanks bro. I dont wan to trust seller also , so asking more opinion before speaking to seller n lawyer

My concern is the buyer end up cancel the deal and dont return the 20k cash / banker cheque. Then it will be troublesome to get it back, whether its through court or not..

Thanks for ur feedbacks, appreciate it.