Hi guys, just bought a house, which finally settled after 4 cancelled settlements and almost 7 weeks after when the house was supposed to settle.
However, went through the most painful settlement experience
House in Queensland
1st attempt - vendor bank would not release title due to x-coll
2nd attempt- vendor broker forgot to order valuation on the house I am purchasing (dont know why they need to do so) so vendor bank still not ready
3rd attempt- vendor bank wanted to take the 10% deposit as well but vendor solicitor forgot to tell the selling agent to release funds, so shortfall
4th attempt- vendor solicitor forgot to book discharge
5th attempt- 12pm - shortfall in settlement (vendor side), 3pm - still shortfall by like $100 (vendor side), 4.45pm - finally settled as vendor solicitor asked to take the $100 from their fee and reissue cheques!!!!
Lucky I wasnt charged any additional settlement fees
Share your painful settlement experiences
However, went through the most painful settlement experience
House in Queensland
1st attempt - vendor bank would not release title due to x-coll
2nd attempt- vendor broker forgot to order valuation on the house I am purchasing (dont know why they need to do so) so vendor bank still not ready
3rd attempt- vendor bank wanted to take the 10% deposit as well but vendor solicitor forgot to tell the selling agent to release funds, so shortfall
4th attempt- vendor solicitor forgot to book discharge
5th attempt- 12pm - shortfall in settlement (vendor side), 3pm - still shortfall by like $100 (vendor side), 4.45pm - finally settled as vendor solicitor asked to take the $100 from their fee and reissue cheques!!!!
Lucky I wasnt charged any additional settlement fees
Share your painful settlement experiences