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@anderlee That’s my point I think, I find it hard pressed to believe that it’s so easy to get out of a contract of sale without having any basis or official rejection. Maybe my broker was not aware? At least they represented to me that it isn’t so simple to just back out of the contract and we...

@anderlee Honestly…that seems insane to me that people can just make up whatever they want to try and get out of something they signed. Hence, it’s just clicked with me as to why vendors don’t like that clause in contracts. For my own curiosity, are there ever scenarios where a vendor has gone...

@rronald_25 On what grounds would they deny it? So you’re saying a lender will issue a legal document officially rejecting a home loan application just because someone asks them to? That makes no sense. Someone needs to make a reasonable attempt to obtain finance - not doing so can leave them...

@dewguru Interesting. That seems completely backwards to me, but hey, most of the property industry in our country is. For instance - the vendors when we bought didn’t “submit a form in time” - so it was their fault for settlement delayed by a day, and they turned around and charged us for the...

@dewguru A lender won’t just provide a legal document stating that finance was denied when it wasn’t - that is illegal - they may provide evidence it was withdrawn. If the other party opted for legal action, they would potentially need to produce evidence on why this was denied. Otherwise...

@dewguru I think things have changed - we bought last year and going over these things with the broker they said people need to provide evidence their finance has been officially denied by the lender. Unless people want to forge a letter, I doubt this would work anymore.