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House loan possibility

Santos82

New Member
Hello all,
I have bought my apartment 3 years ago, and i signed a contract with the owner.
I have already paid 130k usd of 200k usd.
I was waiting for the housing loan to be available in 2018 and 2019, but as you know it was not.
In the past months i used to pay in cheque usd.
Now the owner is requesting in Dollar @ rate of the market (approx 8000 today). He is saying cheque is no more valid since he cannot buy anything related to construction, using cheques.
Is he allowed to do that (request the rest of payment in dollar)
What alternatives do i have?
Is there any bank that gives loan?
Thank you!


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Mrsrx

Not an expert!
Staff member
Hello all,
I have bought my apartment 3 years ago, and i signed a contract with the owner.
I have already paid 130k usd of 200k usd.
I was waiting for the housing loan to be available in 2018 and 2019, but as you know it was not.
In the past months i used to pay in cheque usd.
Now the owner is requesting in Dollar @ rate of the market (approx 8000 today). He is saying cheque is no more valid since he cannot buy anything related to construction, using cheques.
Is he allowed to do that (request the rest of payment in dollar)
What alternatives do i have?
Is there any bank that gives loan?
Thank you!


Sent from my iPhone using Orange Room

Check this thread out. Similar question maybe it can help.
 

Santos82

New Member
Things have been changes since june and cheque value may be less nowadays.

One question to the lawyers, can the owner oblige me to pay in usd cash? In the contract it doesnt say cash or cheque, however it states the amount in usd!




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