Hi there
I have a friend who sold his house subject to finance, and has bought another one subject to his sale. He has had 3 formal requests from buyers solicitors asking for an extension of time to arrange finance and after the 4th request he has declined.
Naturally his pending purchase will now fall through. Is there any part of the deposit he can keep or any compensation?
He is in Victoria
Thanks
Kevin
I have a friend who sold his house subject to finance, and has bought another one subject to his sale. He has had 3 formal requests from buyers solicitors asking for an extension of time to arrange finance and after the 4th request he has declined.
Naturally his pending purchase will now fall through. Is there any part of the deposit he can keep or any compensation?
He is in Victoria
Thanks
Kevin