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Hi, technically yes the seller can sue you. But I believe not all the sellers are so unreasonable to an extend of not listening if you could provide concrete proof that you really could not go ahead to proceed on with this deal.

Regards
Aaron
 97308455 
aaronchong2774@yahoo.com.sg Read More

Morning,

Technically yes. Once the buyer choose to exercise the OTP, it's deem that they have done the necessary to secure a loan on the financing aspect. Furthermore, the completed OTP is considered as a legal binding contract. The seller have the right to request for specific performance, compensation on lose in difference on the remarketing of the unit, etc. Alternatively, you can consult your agent for further assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi,

Technically yes since legally you have commited to the purchase by exercising OTP. You may wish to consult your agent for further assistance. Thanks and hope it clarifies.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
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