Submitted on Friday 23rd March 2012
Published on Tuesday 27th March 2012
Current status: Closed
Closed: Wednesday 27th March 2013
Signatures: 22
Tagged with
Introduce a deposit system at offer acceptance stage for buying and selling houses
Introduce a deposit system at offer acceptance stage for buying and selling houses in order to eliminate 'gazumping' and 'gazundering'. The current system effectively legalises blackmail and extortion. In no other situation would an offer to purchase/offer to sell be not legally binding. Many people have lost and continue to lose money for no benefit in the case of the other party pulling out before exchanging contracts.
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3.142.54.254 Fri, 15 Nov 2024 17:29:54 +0000
