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Long stop date reached
I have Part exchanged my house as part of the deal. The builder has subsequently sold my house and they have exchanged contracts.
I appreciate that once the longstop date has been reached I can walk away from the deal but am I entitled to any compensation as I would still have legal fees to pay?
Also what happens to the builders exchanged contract with their buyers of my house ? They would HAVE to pull out but they have already exchanged contracts. It obviously does not affect me but it might put me in a position as far as compensation should I agree not to pull out....or am I being naive ?
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