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  • Profile photo of tyson007tyson007
    Member
    @tyson007
    Join Date: 2011
    Post Count: 3
    July 28, 2011 - 5:19 am

    thanks for all the information guys , as it turns out my situation is ok , the purchasers came good with the deposit this morning….

    Profile photo of tyson007tyson007
    Member
    @tyson007
    Join Date: 2011
    Post Count: 3
    July 27, 2011 - 12:29 pm

    state is Victoria , i have done alot research over net last few hours and found alot info suggesting that i can get out of the contract as the sellers have defaulted on the contract by not paying the deposit  i found info here http://www.davekanizay.com/?p=220

    "If a deposit or any part of the deposit is not paid on the day it is due, then the Vendor is entitled to immediately terminate the Contract without notice."

    So i dont know why my lawyer would not tell me that , he made it out to me that i could not get out of the contract once it goes unconditional but i am pretty sure i can now …. i think i just got really bad advise from lawyer which freaked me out

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