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hi,
Can anyone tell me if you are able to withdraw from a contact of sale in WA if the allocated time to organise finance expires without a formal decline from the bank?
Thanks
Baz
hi,
Can anyone tell me if you are able to withdraw from a contact of sale in WA if the allocated time to organise finance expires without a formal decline from the bank?
Thanks
Baz
Can anyone tell me if you are able to withdraw from a contact of sale in WA if the allocated time to organise finance expires without a formal decline from the bank?
Taking 3 weeks to sign the loan docs and delaying the approval letter, could very well get you out if it.
I really doubt that would stand up in court. The first witness would be the broker and the first thing they'd ask the broker is when was the loan submitted. It would go swiftly downhill from there.
If you want to make a loan applicaiton fail, it's really simple. You ring your broker or banker and tell them that you've just lost your job and you don't think you should proceed with the loan because you don't beleive you'll be able to make the repayments.
You probably don't want to lie about any of this though. If it got persued far enough it would be discovered that lying about loosing your job for these purposes is essentially fraud, which potentially carries jail time.
Blast! Foiled!
So, just quit your job mid-application?
It's not that hard to kill a loan application. Getting one resurrected is a lot harder