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Its going to be a long 6 weeks!

No reason given. It is a section 27 statement - saying that as there is no mortgage and no caveat lodged they are requesting release of the deposit. I rang the REA to see if he knew of any reason. He said they are releasing a lot of deposits and it seems to be the in thing for solicitors...

Thanks Terry. I also don't think I should release. Now I am more worried that he may be ill. I do not want the contract rescinded if he dies. I want this property! Unfortunately not wealthy enough to hand over a cheque and settle early.

The vendor is in his eighties. Does a caveat also protect you if the vendor dies?

The vendor has requested we release the deposit (currently in trust) to them. We are 6 weeks from settlement. I have been advised to allow as their is no mortgage on the property and sufficient equity. Am I correct that there is a huge risk to me by allowing this. For example the vendor...