Asked by Anonymous
When we 1st accept the 1K option fee from seller (via internet banking), few days later due to some issues we are not able to proceed with the sale. The buyers come down to see us that they cannot don't buy our flat, they say they hv their own concerns too. Then suddenly abt 3 days before the option expire, they just internet transfer to our a/c without our knowledge. My agent also never passed original copy otp to me. Is it common & legal to do it this way? Then i try asking buyers out to see if can mutual settled and pay them additional compensation of $5K, but buyers very firm that they want go thru legal to get back more like $10K - $30k and they very sure they will win. For our situation, we are not quite financial stable and can't engage lawyer too. In this case, if they really claim us so much & we not able to pay? Can they proceed to force us sell our flat? My agent told me they can claim compensation from us and still we will be forced to sell our flat. I felt threatened.
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