http://forum.lowyat.net/ Mon, 22 Jun 2026 02:23:28 +0800 FeedCreator 1.7.2 http://forum.lowyat.net/topic/0 Finance, Business and Investment House Thu, 01 Jan 1970 07:30:00 +0800 http://forum.lowyat.net/topic/1365316 <br />I’m 1st time home-buyer.<br />I’m currently facing some problem that I might cant able to get back my deposit. <br />On the beginning of the month of March, I paid 3% of purchase price as deposit to the real estate agent as agreement of purchase. <br />However, I find that the agent and owner are not corporative as they delay me on documentation, <br />- The agent sent S&amp;P copy via email on the 3rd day after we signed the agreement of purchase, <br />- 4th day banker told us that the S&amp;P is incomplete as banker need “front 3pages and back 3pages” for loan application so as to check market value of the property. I called the agent and tell her about this.<br />- she return call to my boyfriend (not me) to say that the S&amp;P is P&amp;C, the owner has the right to refused giving the complete copy to us. We got no choice and submitted accordingly to banker and banker told us that they need the ‘lost’ page of s&amp;P for proceed the loan application.<br />- We were so angry and call to the agent again, and finally she get back to us only on the 8th days after signed the purchase agreement (deposit) and email us the ‘lost’ page. And we were submitted documentation to others bank only on 9th day.<br />According banker who we dealing with. The market value is 10% lower than our purchase price, which means we need to pay for 20% as down payment. We called agent and told her about the problem we facing now (that market value can’t able to met)<br />She told us that if in that case, even we are unable to get loan approval, she will forfeit our deposit. I asked her any other option, and she seems like do not know anything about the knowledge of property and said will get us back after she refer to her principal.<br />We are facing big problem here that she might forfeit our deposit anytime. I really felt helpless now and please, if anyone knows how to solve this or any other way/ solution. <br />What we can do now for secure our deposit is refundable? yennie Property Talk Tue, 23 Mar 2010 10:13:55 +0800