House loan possibility

S

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

Mrsrx

Not an expert!
Staff member
Santos82 said:
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
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Paying in $ for an apartment still under construction

Hello, In mid-2018 I bought an apartment. The owner (his first project ever) told me in 1.8 months he will finish it. 2 years has passed and he is still working on it. The work is quite slow due to the shortage of $ and the crazy rates of $. However, I paid him $40,000 at the beginning as a...
www.oroom.org www.oroom.org

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

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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