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Fatima Abd El-Wahhab

Fatima Abd El-Wahhab

Attorney

الأسئلة المجابة 29736 | نسبة الرضا 97.8%

Lawyer

I had applied for a mortgage loan with FAB and the...

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I had applied for a mortgage loan with FAB and the bank agreed to give the loan. Based on that I asked the property Developer Aldar to prepare the SPA. After the SPA creation FAB declined my Mortgage due to temporary salary Reduction in my salary due to covid-19 situation. Now I lost all the money paid upfront for the SPA. Aldar was not willing to cancel the SPA. Aldar asked to find a buyer. Due current situation no one was ready to invest. So Finally I found a buyer to pay Aldar the balance amount and buy the property. Due to this I lost nearly 400,000 invested upfront for the SPA. What shlould I do now ? File case or keep quiet m Pls advice.

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إجابة الخبير: Fatima Abd El-Wahhab

Fatima Abd El-Wahhab

Fatima Abd El-Wahhab

Attorney

الأسئلة المجابة 29736 | نسبة الرضا 97.8%

We would like to inform you that you can file a lawsuit against Abu Dhabi Bank because it refused to grant you the loan after agreeing the first time, and it made you enter into an agreement with the real estate developer, but in order to win the lawsuit, you must first read the terms of the loan contract, and find out whether the bank is allowed to cancel the agreement to grant you the loan if there is reducing in the salary.
 
 
 
 
 

إسأل Attorney

Fatima Abd El-Wahhab

Fatima Abd El-Wahhab

Attorney

الأسئلة المجابة 29736 | نسبة الرضا 97.8%

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