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SPA Signed, but loan got problem

 
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frkl



Joined: 22 Jul 2011
Posts: 1

PostPosted: Fri Jul 22, 2011 10:51 am    Post subject: SPA Signed, but loan got problem Reply with quote

Hi..

I would like to know, if the SPA signed, then housing loan got problem
after 3 +1, what will happen?

the vendor can terminate or can extend until the buyer get the loan ?

TQ
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hfchuraymond



Joined: 11 Jun 2009
Posts: 606

PostPosted: Mon Jul 25, 2011 4:49 pm    Post subject: Notify the parties early Reply with quote

Notify the relevant parties early to avoid any misunderstanding.

Don't delay until the last day fo the completion date.

The vendor will be furious and may think the purchaser is delaying the deal which is usually the purchaser's own risks.

Early notification is inevitable.
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