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Morning,

I would assume that you are the buyer. Since you have exercised the Option, you need to discuss with your seller, if they are willing to void the contract, if the documentation have not being submitted to HDB. If they do agree, it's most likely you will lose the $5k.
However, if they do not agree, I'm afraid you will have to go through the entire process of S&P, else your seller does have the right to sue you for non-performance.

FYI
Mike Lim
 96929209 
ERA Read More

Hi Confused.

I'm sorry to hear about your current plight. As what Mike had said, you are liable if the seller do want to pursue the matters.

What you should do, is to talk to the agent representing you. Usually they will know what to do and say to prevent any aggravation of the situation.

Alternatively, you can email me at kwekjustin.phr@gmail.com . Tell me your situation and I can see what I can advise you. I'm pretty good in PR related issues. =) Read More