Vendors pull out AFTER exchange of contract

undetterred

ALIBOBSY wrote: »

Now I am not one to go for conspiracies which seem to go on, on some of the threads within these boards. But the above poster who keeps urging you to settle quickly has only posted on this thread and 2 others. One on which the poster is asking questions as she is going onto the SVR and one about 100% mortgage bans being lifted mmmmmmmm.

Could this be the vendor????




ali x

Nope not me but i stand by what i posted,its gonna be a long haul.

Out,_Vile_Jelly

No experience of buying or selling but have read this thread with interest.

My first reaction was to the vendors' solicitor. Are they either:

a) bumbling amateur incompetent who has fudged key parts of the process and misinformed the vendor as to their rights and the seriousness of the situation
b) hard-nosed cynical type happy to sit back and make money from idiots and rack up some quality "aren't clients all a bunch of morons" anecdotes for the next Law Society dinner
c) none of the above, but being seriously misinformed by their deranged clients?

As your link to the vendors, their solicitor is surely crucial. Can you use your contacts in the village to find out more about the vendors- are they genuinely pig-headed, greedy and cynical, or perhaps vague, dithering hippy types who really don't understand the nature of this type of legal transaction?

Wishing you all the best at this infuriating time.

Troubled_Joe

Out,_Vile_Jelly wrote: »

No experience of buying or selling but have read this thread with interest.

My first reaction was to the vendors' solicitor. Are they either:

a) bumbling amateur incompetent who has fudged key parts of the process and misinformed the vendor as to their rights and the seriousness of the situation
b) hard-nosed cynical type happy to sit back and make money from idiots and rack up some quality "aren't clients all a bunch of morons" anecdotes for the next Law Society dinner
c) none of the above, but being seriously misinformed by their deranged clients?

As your link to the vendors, their solicitor is surely crucial. Can you use your contacts in the village to find out more about the vendors- are they genuinely pig-headed, greedy and cynical, or perhaps vague, dithering hippy types who really don't understand the nature of this type of legal transaction?

Wishing you all the best at this infuriating time.

Whilst any of the options you present are possible it is just as likely that they are actually receiving sound advice from their solicitors.

The problem being that they are simply not taking it. They instruct the solicitors and not the other way round and you'd be amazed how many clients pay good money for advice only to then go and do the exact opposite.

GSXRCarlos

Wow,

i can't believe this has happened to you, i've read everything with interest as i've just exchanged today, with completion next wednesday.

I'll keep my fingers crossed for you that things work out for you, and keep my toes crossed that everything for me goes without a hitch

Good Luck

GracieP

Strapped wrote: »

Much as I'm "enjoying" reading this thread, I agree with the other posters who have said that WW should now "go silent" on t'internet because I'm sure that if the vendors are not reading this thread, then someone who knows them is. Don't give your hand away before court.

Yeah, if you google pull out after exchange the second and third links are to this thread. So at WW should think carefully about anything she posts and only post stuff that she doesn't care if the vendors read.

Poppy9

I cannot see that a court would rule in the vendors favour as surely it would set precedent and throw the whole English system of house buying into chaos.

Also if a second buyer is waiting in the wings if their solicitor is any good they will send a list of questions asking if there is any dispute of which should declare WW one that he actually is the new owner of the house!

Must remember next time I move house to add to my list of questions to be put to the seller "have you sold a house before, exchanged contracts but not completed and if so what was the outcome".

mystic_trev

GracieP wrote: »

Yeah, if you google pull out after exchange the second and third links are to this thread. So at WW should think carefully about anything she posts and only post stuff that she doesn't care if the vendors read.

I did the same earlier on, so yes I kind of agree. I don't think WW has posted anything here to her detriment, so really no problem. My guess is that the Vendor may already have found this link, and if so should have realised that they're in big trouble.

silvercar

My guess is that the Vendor may already have found this link, and if so should have realised that they're in big trouble.

My guess is that the vendor only listens to what they want to hear.

ciano125

I can't remember if it's been said already or not now, but doesn't your house insurance give you legal cover? I'm pretty sure mine does, so it would be worth investigating.

satchmeister

Troubled_Joe wrote: »

Whilst any of the options you present are possible it is just as likely that they are actually receiving sound advice from their solicitors.

The problem being that they are simply not taking it. They instruct the solicitors and not the other way round and you'd be amazed how many clients pay good money for advice only to then go and do the exact opposite.

If and I say if their solicitor was this driving this process and providing bad advice then they could be reported to the Law Society by their client, so I am sure their solicitor is giving sound sensible advice but is being ignored, and I bet he/she is documenting everything to cover his/her back. Perhaps the sellers think that if it all goes wrong they can sue their solicitor as they will have been 'let down' and not 'got what THEY wanted'.