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    Buyer didn't pay deposit so I terminated contract now threatening to sue me

    Hi Handy Andy, The guy didn't want to lose the property so he paid the deposit and he agreed to an increase in the purchase price of another $10K (for all the friggen hassle and drama he caused me). Then 24 hours before the settlement date he asked for an extension as he said he didn't have...
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    Buyer didn't pay deposit so I terminated contract now threatening to sue me

    Thanks Penny As you say buying or selling is stressful at any time but going through this sort of crap really doesn't help. I've lost a few kilos but that isn't such a bad thing Lol I just wanted to let everyone know that there is a really interesting article which someone pm'd me about in the...
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    Buyer didn't pay deposit so I terminated contract now threatening to sue me

    Unbelieveably this guy just still won't give up! Today's letter....The version of events as advised by your clients agent and relayed both to this office and to my client varies from what your client has advised you. Then they just asked where I would like to have the legal papers served to...
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    Buyer didn't pay deposit so I terminated contract now threatening to sue me

    Thank you everyone for your advice, I am feeling much more at ease about things now, the guy is just a bully who doesn't want to lose a good deal. My solicitor has given me the pep talk that I needed and has convinced me not to let this guy bully me into submission, as that is exactly what he...
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    Buyer didn't pay deposit so I terminated contract now threatening to sue me

    Even though it sometimes seems that people are able to lodge caveats at the drop of a hat, I would never do it, I don't have an interest in his any of his other properties and I certainly don't need or want anymore legal hassles!
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    Buyer didn't pay deposit so I terminated contract now threatening to sue me

    Thanks Penny, I am slowly feeling a bit more relaxed about it now, my solicitor seems on the ball and hopefully he is! I am presuming that if someone applies to put a caveat over a property in Qld using a contract of sale as justification for the caveat that they must be required to produce a...
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    Buyer didn't pay deposit so I terminated contract now threatening to sue me

    There is no company name written on the contract I was just saying that I think that is probably what he meant to put on the contract as his other properties are in a company name as trustee of the family trust. The buyer on my contract is simply "Smith Family Trust." And I don't want to sue...
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    Buyer didn't pay deposit so I terminated contract now threatening to sue me

    Yes Terry I believe this probably was meant to be purchased in a company name, I have searched his other properties on Pricefinder and they are all in a company name as trustee for his family trust. So I presume that is how he intended to purchase this property as well.
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    Buyer didn't pay deposit so I terminated contract now threatening to sue me

    My solicitor doesn't believe it is a valid or legally binding contract. Usually in these circumstances when an error such as this has been made a new contract is simply done to replace the old one straight away. It is usually corrected swiftly because the buyer more often than not is applying...
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    Buyer didn't pay deposit so I terminated contract now threatening to sue me

    I don't believe that the contract was never even valid to begin with so I don't get why I am even having to entertain this guys threats and intimidation tactics. My solicitor says that he is just giving him enough rope to hang himself with and if he does somehow manage to put a caveat over the...
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    Buyer didn't pay deposit so I terminated contract now threatening to sue me

    Thanks CU but no it doesn't start with a C......but these guys are very much like the italian mafia. All three of them (the agent, the buyer and the lawyer) are italian and they all live in the same northside suburb).
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    Buyer didn't pay deposit so I terminated contract now threatening to sue me

    Thanks Ned, that is a good idea!
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    Buyer didn't pay deposit so I terminated contract now threatening to sue me

    Yes Ed my thoughts exactly, I thought when I got that text that it proves that he knows that he breached the terms and conditions by not paying the deposit. Funny enough the agent has just today emailed me saying that he still has the guys $25000 deposit in his trust account so if we do a new...
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    Buyer didn't pay deposit so I terminated contract now threatening to sue me

    No mention of any price yet Terry. Only demands on timeframes, he wants yet another 90 days to get his finance etc together. I wouldn't be surprised if he actually came back with a lower price!
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    Buyer didn't pay deposit so I terminated contract now threatening to sue me

    Ok so here is today's latest. My solicitor sent a strongly worded letter to the agent threatening to sue him personally and the real estate company if this guy did put a caveat on the property. He sent another letter to the buyer's solicitor basically stating that I was within my rights to...
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    Buyer didn't pay deposit so I terminated contract now threatening to sue me

    Can anyone recommend a good property lawyer in Brisbane that has a real bite! If so can you please private message me. I'm just using my local Solicitor and I think I need to get someone else who is much more experienced in these sort of matters.
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    Buyer didn't pay deposit so I terminated contract now threatening to sue me

    **UPDATE** My friend who is an accountant and very experienced in property (much more than me) looked at the contract last night and said that is was never valid to begin with since the buyer listed on the contract is "Smith Family Trust" (not the real name of course) and it should have said...
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    Buyer didn't pay deposit so I terminated contract now threatening to sue me

    Hi Rolf, I didn't realise that that was considered a large deposit as this is the very first time that I have sold a property. That was just amount written on the contract already when the agent got me to sign it, so I didn't question the amount. And yes the buyer is local and coincidentally...
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    Buyer didn't pay deposit so I terminated contract now threatening to sue me

    Hi Terry, This is where things get extra interesting! The agent never actually got me to sign a contract with him when I listed the property, he never sent me one and the property went under contract within 1 week so I guess he just forgot all about that. I actually emailed the agent today and...
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    Buyer didn't pay deposit so I terminated contract now threatening to sue me

    Hi Rolf, the agent was told both Monday when the contract was terminated and again yesterday not to accept the cheque and to return any deposit that they were holding. The idiot still accepted the cheque, can you believe the agent actually went and picked it up from the guy!!! Straight after...
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