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  • Profile photo of donvitodonvito
    Member
    @donvito
    Join Date: 2005
    Post Count: 1
    June 19, 2005 - 11:50 am

    Update 10:48pm Sunday
    Thank you for your quick reply. I’m in Victoria and the contract says ‘Form 2 Estate Agents ACT 1980′. Also section 32 (1) of the Sales of Land Act 1962’. I haven’t put any money down as such but a $50 holding fee.

    Hi everybody,
    I’m stuck in a jam and need some advice. I signed a contract for an apartment last weekend and didn’t pull out of the contract before the 3 day cooling off period. Does this mean that even if I do not want to go ahead with the sale I am still bound to continue the sale?
    I really need advice on this because the stress of not knowing is killing me!! I really do not want to go ahead with the sale, but because it is past the 3 day cooling period what are my rights now?
    Thanks everyone for reading this =)

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781
    June 19, 2005 - 11:57 am

    Without knowing what clauses you used and what state you are in the only thing I can suggest is that you call your solicitor tomorrow morning first thing and ask for some advice.

    Hope it all works out,

    Simon Macks
    Finance Broker
    [email protected]
    0425 228 985

    Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781
    June 20, 2005 - 12:49 am

    Can you tell us what you have found out and also perhaps let us know why you got cold feet over this deal?

    Thanks mate and I hope it works out for you.

    Simon Macks
    Finance Broker
    [email protected]
    0425 228 985

    Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    June 20, 2005 - 5:00 am

    It looks like you maybe locked in, but you may be able to get out if the seller agrees. You had better contact your solicitor.

    Terryw
    Discover Home Loans
    North Sydney
    [email protected]

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 4 posts - 1 through 4 (of 4 total)

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