Vendors pull out AFTER exchange of contract

JayZed

bumpoowee wrote: »

The sad thing is that nobody thanked your original post that made a very valid point, but multiple posters thanked the grammar nazi who immeadiately jumped on your mistake. There are an increasing quantity of morons posting here who feel the need to correct irrelivant mistakes in posts that make valid points (while ignoring the valid points) to make themselves feel superior.

I think you mean "immediately", "irrelevant" and "there is an increasing quantity".

DVardysShadow

JayZed wrote: »

I think you mean "immediately", "irrelevant" and "there is an increasing quantity".

I think you really mean "there are increasing quantities"

bumpoowee

JayZed wrote: »

I think you mean "immediately", "irrelevant" and "there is an increasing quantity".

Don't worry, I'm sure at least your mother loves you.

Blacksheep1979

carefullycautious wrote: »

THank you for the grammar check 'Blacksheep' and the laughs Flaura. I hooted when I read it back.

What I meant to say was, if they are not taking up the mortgage to buy the other house and they get sued, how on earth are they going to stump up 40 - 50 grand to make up the difference from the asking price then to now.

As others have pointed out they're after a buyer to pay more for their property - there's money there and also they would have needed a deposit to get offered a mortgage on another property...

gizmo111

Wonder if they're one of these people http://forums.moneysavingexpert.com/showthread.html?t=1869885

safe

Could the sellers go bankrupt I don't see suing them a problem? If their house has gone up in value they would have to sell it surely and the 40-50k it went up in value would be realised then and they could give that to the op?

Blacksheep1979

Unlike what some people on some parts of this board may say/do bankruptcy isn't something that most people will take lightly and not for a few 10's of thousands - these people seem to enjoy certain materialistic items (new cars, nice houses etc) and I bet that most of this is financed. There will be no chance of them having a car on finance or a mortgage with a decent interest rate for 6 years if they declare bankruptcy - do you honestly think this is a route they're likely to go for for 10-40k?

carefullycautious

I still dont get it. They are holding out for an extra say 40k which if welshwoolf sues they will have to pay to her. So they are left 40k out of pocket. What is the point of that. They might just as well let welshwoolf have their house as origionally planned Or am I missing something

Chinkle

We don't know that they backed down because they hoped to sell it to someone else for more, its just speculation on this thread. What we do know is that they didn't get the mortgage deal they wanted on the new-build they wanted.

gizmo111

carefullycautious wrote: »

I still dont get it. They are holding out for an extra say 40k which if welshwoolf sues they will have to pay to her. So they are left 40k out of pocket. What is the point of that. They might just as well let welshwoolf have their house as origionally planned Or am I missing something

No your not missing something, they are hoping that WW will give up and walk away, leaving them free to do whatever they want with the house and increase in price.