Property agent did not wait for HLE letter, and rushed the sellers to sign the unconditional OTP without even giving them time to think for 14days. The HLE was rejected bacause sellers cannot move from 5rm to 5rm and the sellers back out from 1st appt because they are currently serving bank loan(fluctuating and hefty) and they do not want to go for second one.They only decided to sell after being convinced by the agent about their eligibility to sell a 5rm and buy a 5rm. All the while the agent had been giving wrong infos, misguiding and misrepresenting facts. Sellers had been busy in work and study, so had given complete responsibility to her (trusting her). They just complied following her instructions without doubting her a bit. The case was mishandled and it all happened due to the agents negligience. The buyers have sent a legal letter to complete the deal. The agency is not helping and suggesting to carry on with the sale but through bank loan.Please advice and suggest options.
2007-08-04 16:01:42 · 1 answers · asked by VIPIN T 1 in Politics & Government ➔ Law & Ethics
The buyers can sue for specific performance of the contract for sale of the unit.
2007-08-05 02:07:33 · answer #1 · answered by Mark 7 · 0⤊ 0⤋