[The Epoch Times, January 26, 2022]A woman in Shanghai has been accused of delaying mortgage approval by the bank. The court ordered her to compensate the seller for nearly 4.85 million yuan (RMB, the same below), and she was called by netizens as the “worst house buyer” in history.
Jiupai News reported on the 26th that in May last year, Ms. Wu planned to spend 15.5 million yuan to buy a commercial house. After the down payment of 7.45 million yuan, due to the delay in the approval of the bank loan, the final payment could not be paid according to the time stipulated in the contract, and the seller sued the court.
The court ruled that Ms. Wu quit the house and paid a total of 4.9732 million yuan in liquidated damages and house renovation fees (3 million yuan in liquidated damages, 1.8 million yuan in decoration fees, and 73,200 yuan in case acceptance fees).
The seller sold the house because he wanted to buy another house for his mother. Therefore, Ms. Wu’s overdue payment affected the seller’s purchase of the house again. The court ordered Ms. Wu to move out of the house within 10 days after the judgment came into effect, and compensated the seller 4.846 million yuan.
Ms. Wu felt incomprehensible about the verdict and said she would apply for a retrial. “In my opinion, the other party has made nearly 8 million profits from this incident, including 3 million due to the appreciation of the house, and we have lost about 10 million.”
Ms. Wu also said, “After the agreed time, the landlord and the agent were still urging the loan approval in the WeChat group, but after a batch of loans came down, they suddenly disappeared, and they received an appeal from the other party within a few days. book, very strange.” She said that this experience had an impact on her life and work. She didn’t expect that she would pay so much liquidated damages when the loan arrived a little late. Because of this incident, people around her were afraid to buy a house.
Ms. Wu’s attorney said, “The termination of the transaction in this case is not the problem of the buyer and the seller, but the reason for the bank loan, which is uncontrollable.” He is already conducting the retrial and evidence collection work, and there may be a breakthrough.
After the incident came to light, it sparked heated discussions among netizens. “The worst home buyer in Shanghai said that he lost more than 10 million yuan” was pushed to the hot search list on the 26th.
Most netizens sided with Ms. Wu, believing that the delay in bank loan approval was force majeure, and it was too much for Ms. Wu to be solely responsible.
“The down payment is 7.45 million, and the house is gone, and you have to pay nearly 5 million?
“It’s obvious that someone has been tricked.”
“The reason for the bank loan is uncontrollable, not the buyer’s intentional default.”
“Does the seller want to sell the house or get liquidated damages?”
“This is contract fraud. It’s not good for the court to judge this way. More people will take advantage of this loophole to cheat money in the future.”
Responsible editor: Li Muen#