I need help please

Question

Hello,  I bought an apt under construction. Then I changed my mind, so I had to sign a cancelation deed to get a refund. Now I want to void the cancelation deed & continue with the payments to get the possession of my apt. I am asked to write a letter to them about the same. I am not sure what to write in it. Any ideas? Thanks much.

Goodman · Accepted Answer

AnonymousHello, I bought an apt under construction. Then I changed my mind, so I had to sign a cancelation deed to get a refund. Now I want to void the cancelation deed & continue with the payments to get the possession of my apt. I am asked to write a letter to them about the same. I am not sure what to write in it. Any ideas? Thanks much.

Hi Anon,

I happened to have some dealings with regard to real estate purchase. Here is what I would say:

Dear Mr./ Mrs.

I have purchased a unit a short while ago. Due to unforeseen situations, I had talked to your office about cancelling the purchase. However, I have since resolved my problems and would like to reinstate or continue with the original contract. I am writing this letter to demonstrate my full intent to fulfill my portion of the purchase contract and request for continuance. If there is additional paperwork involved, please do hesitate to contact me. I can be reached at…

Sincerely ,

You may have to provide your personal info and unit info for reference. Save a copy for reference. It’s best to take care of this in person and get a copy of whatever paperwork from this change. Do not take ”Verbals. That’s my advice to you. Hope that helps...

Clive · Answer

Hi,

It might be prudent to consider talking to a lawyer for advice about this matter, as it is a major purchase.

Best wishes, Clive

Goodman · Answer

Clive
Hi,

It might be prudent to consider talking to a lawyer for advice about this matter, as it is a major purchase.

Best wishes, Clive

Of course! But continuance is easier to deal with than cancellation, so I think a lawyer, although is the safest bet, may be costing you a couple of Ben Franklin!

Julielai · Answer

I'm with Clive on this one.  Surely you have a lawyer friend or two you can quickly discuss the matter with (just to be on the safe side)?

Welkins2139 · Answer

Why did they need you to write a letter for?

For their legal purpose? For some explanation from you why you cancel and make the payment again?

What did they want you to put in the letter?

Goodman · Answer

I agree completely. Purchasing a home is the second biggest thing in life, next to getting hitched. The builder wanted Joey to have a letter of intent so that whatever the intent was is recorded into the buyer’s file in case of dispute. As I said, cancellation involves deposit and forfeiture which is a rather large amount of money. In this case, it’s an intent of continuance of an apartment purchase contract should be adequate with a letter, unless they panelize you by charging you a large sum of processing fee for paperwork but idon’t think so. Whether the renewed documentation needs a public notary to stamp it as witness is another matter entirely. If the builder can type a continuance letter to state the matter which are signed by both parties. It’s pretty standard stuff. I’ve purchased 5 times from builders before and I never had consulted a lawyer. Nonetheless, I can appreciate your concern about seeing a lawyer and Joey should bear that in mind.

I need help please

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