Ripped off at settlement!

Hi Del,

Geez sorry to hear that!!!

I’m afraid it will be a battle, one that could end up costing you more to try and retrieve the money than it would to cut your losses.

My next door neighbour was in the exact same situation as you, and they couldn’t do a thing. If the purchaser paid his/her money, and the settlement is finalised, that is pretty much it (on their part that is). You CAN however try and recoupe this from the solicitor as it was his/her mistake, as legally the purchasers have met their obligation and they are technically out of the picture.

Good luck and keep us posted.

Jo

Yack,

How do you propose to put a caveat on a property you have just SOLD and more importantly, SETTLED??? [blink]

The purchaser’s solicitor probably won’t give the discrepancy a second thought UNLESS there is money in it for him/her, in which case, he/she is representing the purchaser who incidently was the one availed of this discount by default, and as such is hardly going to act in the interest of the vendor.

The only POSSIBLE out of this predicament is to try and get the (vendor’s) solicitor at fault to remedy his/her costly mistake which has financially disadvantaged their client.

Basically, what’s done is done, and if nothing else serves as a good (albeit harsh) lesson to ALWAYS CHECK YOUR FIGURES especially if you are the one coughing up the dough!!!!

Cheers,

Jo

Fingers crossed for you Del, that the purchaser sticks to his word (and it obviously sounds like he has a conscience) because legally he could opt to say “tough” and you would be hard pressed to do Jack about it!!!

Keep us posted, and yes, thanks for sharing as it is a valuable lesson, one which I daresay you will oversee with an eagle eye next time!!! [blush2]

Cheers,

Jo

Yack,

May I suggest you go back and re-read my posts. I said quite clearly, that there was ONE possible way out to try and get the money from the solicitor at fault!!!

I don’t know what makes you think I was “anti fixing” the mistake. I believe in doing the right thing (see, I have ethics) HOWEVER, you cannot right a wrong when your hands are tied, and legally speaking there was little option aside from plead to the purchaser’s conscience, which thankfully they possessed!!!

Are you miffed because I showed you up re the caveat??? If so, I will gladly remove that post; it was not my intention to try and upset you.

If that is not the case, then I suggest you check your reading glasses.

Cheers,

Jo

People make mistakes. Most people do their best to rectify them.

And they have!!!

The purchaser HAS done the MORALLY right thing!!! Which is great IMO.

I don’t care what you think Yack re which of us is right or wrong, I’m not in it to prove either of us as correct.

What I felt was uncalled for, was you implying I was “anti” fixing of the problem when I quite CLEARLY and REPEATEDLY said there was ONE option, and that was (again….) TO PLEAD (appeal, does that work better for you??) to the purchaser’s conscience.

Which basically means YOU DIDN’T READ what I wrote. I at least had the decency Yack to actually offer to remove a post which I thought MAY have been upsetting to you, good to see you were so thoughtful!! [blush2]