State: NSW
Property: Residential house and land.
Day after cooling off, vendor tells their solicitor they no longer want to proceed with going ahead with the sale. Reason: 'Allegedly didn't know what they were signing'
Real reason: Agent told us they were trying to purchase another property and it's alleged to have fallen through.
Vendor's solicitor advises Vendor does not want to proceed due to them allegedly not knowing what they were getting in to or signing.
We are not accepting of the rescission at that time, vendor allows mortgage company directed valuation to proceed.
Now today we receive letter from solicitor advising the vendor will be rescinding due to mental illness.
Wow, this is pretty damn out of the ordinary.
Anyone had experience in this area?
What's chances of us winning civil action here with a notice to complete?
Anyone recommend a GOOD solicitor who has had experience in this?
Property: Residential house and land.
Day after cooling off, vendor tells their solicitor they no longer want to proceed with going ahead with the sale. Reason: 'Allegedly didn't know what they were signing'
Real reason: Agent told us they were trying to purchase another property and it's alleged to have fallen through.
Vendor's solicitor advises Vendor does not want to proceed due to them allegedly not knowing what they were getting in to or signing.
We are not accepting of the rescission at that time, vendor allows mortgage company directed valuation to proceed.
Now today we receive letter from solicitor advising the vendor will be rescinding due to mental illness.
Wow, this is pretty damn out of the ordinary.
Anyone had experience in this area?
What's chances of us winning civil action here with a notice to complete?
Anyone recommend a GOOD solicitor who has had experience in this?