Hi all sifus, I recently have this issue that the seller’s solicitor keeps delaying to finalize the SPA draft. Excuses like got other urgent case in hand, need to go into minor surgery etc given always at last minute. He also always break promises to my lawyer. Every time agree to reply to my lawyer’s comment on a specific day but always break promise or delay for about 1 week then we got his reply. Our progress now is in draft C and it already took 2 months, so u can do the math.
I think I’ve been very flexible already and gave the lawyers 2 months to negotiate the terms with each other. But still haven’t come out with a final version. Main reason is seller solicitor always delays about a week to respond to my lawyer, but my lawyer can respond to them within 2 days.
I go and check my loan offer that I signed again as I got a feeling that there might be a expiry date of that offer stands. And indeed it’s only valid for 3 months upon I accepted the offer.
Now I’m so stressed up that my lawyer told me they also can’t do anything but to chase the seller’s solicitor and also the agent everyday but it’s not really effective coz every time he sure give many excuses.
I also don’t want to go thru the stress of reapplying the loan (penalty might incurred as well) or apply for extension with the bank. Anything we can do to penalize the sellers solicitor if they continue to drag the process of finalizing SPA?
Anyone got similar experience like this?
Thanks so much, I’m really stressed now coz the deadline is approaching plus there’s also uncertainty of whether the gov will do a lockdown or not, again, it will further delay the process too..
Final SPA not ready after 2mths loan offer signed, SPA related matter
Jul 24 2020, 02:19 AM, updated 6y ago
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