thread: Settlement being postponed

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  1. #6
    Registered User

    Jan 2005
    Down by the ocean
    6,110

    There is a way you can have the deposit released to you if you are having hardship because of this. It's usually released to enable you to put a deposit on a new house. It's a section 27. Legally if the sale falls through and it's unconditional (ie if they had an opt out clause if finance wasn't approved which has now passed) then you keep the deposit anyway. Ask you conveyancer about it!

    Good luck and I hope there is an 11th hour breakthrough and it all works out!
    Last edited by ~Raven~; November 11th, 2010 at 06:09 PM.