Apr 7 2021, 08:51 PM
QUOTE(Oklahoma @ Apr 7 2021, 06:32 PM)
Hi first time property buyer here...this morning received a reminder letter from developer saying I need to sign S&P and Deed of Mutual Covenance (DMC)...
But my loan has not been approved yet...have submitted documents to banks
Should I just ignore the mail..? But they say need need to sign within 14 days..if not they will release unit?
Hi, mind to tell how long have you booked the unit? But my loan has not been approved yet...have submitted documents to banks
Should I just ignore the mail..? But they say need need to sign within 14 days..if not they will release unit?
Don't think developer staff will be so "hardworking" to send you a warm reminder letter in just few weeks time after you booked the unit, unless you have delayed in applying loan maybe longer than 2 mths I would say. So this letter is to serve as notification purpose so that they can re open the unit without bearing any responsibility, in case you are the party who failed to secure loan and proceed to sign SPA with them within reasonable timeline.
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