Delay in preparation of mortgage that results in interest payment to Seller PDF Print E-mail
Real Estate Self Help - Home Financing | Bank Loan

If the bank's lawyers delayed their preparation of a mortgage which consequently required me to pay interest to the Seller, what should I do?

Unfortunately you will not have any course of action against the bank since the bank does not bind itself to you to provide the loan before the completion date. The bank's lawyers also do not represent you, therefore you will also have no recourse against them.

 
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