Mar 30 2008, 11:03 PM
QUOTE(tzeyin @ Mar 30 2008, 03:39 PM)
To all the expert n experienced here,
if i bought a house , after made downpayment n got loan approval , but b4 the loan ammount being released to the developer after legal fees paid, i receive news tht the developer is having problem and the project was put on hold until problem solved or other developer take over :
1. can i ask for refund of the d/payment from developer? how to do it?
2. can i ask for refund of the legal fees from the lawyer since their side haven't done any stamping yet ?
3. What is the worst scenario ?
i need advice here, thanks in advance!
Think u need to cancel your loan application ASAP and try getting a refund for your deposit. if i bought a house , after made downpayment n got loan approval , but b4 the loan ammount being released to the developer after legal fees paid, i receive news tht the developer is having problem and the project was put on hold until problem solved or other developer take over :
1. can i ask for refund of the d/payment from developer? how to do it?
2. can i ask for refund of the legal fees from the lawyer since their side haven't done any stamping yet ?
3. What is the worst scenario ?
i need advice here, thanks in advance!
Worst case if your bank disburse the loan to the developer, and you'll end up serving a loan for buying bricks and cement.
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