Delayed settlement... solved? (maybe)

Discussion in 'The Buying & Selling Process' started by Perthguy, 8th Jun, 2016.

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  1. legallyblonde

    legallyblonde Well-Known Member

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    Ha... That is so weird that they make you drawn down the loan! Where is the money now? My only delayed settlement just meant that everything happened like normal, just a few days later then intended.

    Oh and I fully support you claiming what you are entitled to! It just is not a concept I am familiar with!
     
  2. legallyblonde

    legallyblonde Well-Known Member

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    The awkward moment when I completely forget that some people buy houses to live in!
     
    Perthguy likes this.
  3. Perthguy

    Perthguy Well-Known Member

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    Slightly complicated, but basically the loan is secured by another property. The funds from that loan were transferred to the settlement Agent's trust account ready for settlement. I think the settlement Agent had all our funds and paperwork ready to settle nearly 2 weeks ago.

    I have studied contract law at Masters level, University, so I am used to enforcing provisions :)
     

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