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Unfortunately due to health had to sell our property. Our buyers solicitor is holding money which is due to be paid to us. Our solicitor is not helping nor is the buyer. Any advice please
Posted: Wed Sep 18, 2024 6:55pm
Super helpful member
If you feel strongly enough about it you can make a complaint about your solicitor. This link explains how to do so:
Posted: Thu Sep 19, 2024 2:06pm
Legendary helpful member
Are you sure this is not the 3% retention fee withheld and paid to the tax office on the sale of property?
Posted: Thu Sep 19, 2024 6:25pm
Stephanie86 wrote on Thu Sep 19, 2024 2:06pm:
Are you sure this is not the 3% retention fee withheld and paid to the tax office on the sale of property?
Buyers solicitor held back money from the sale to cover any outstanding utility bills and the 3% tax. We are owed approximately 450 euros as the receipt for tax paid shows less than held as is the amount held for utility bills. The sale was beginning of April. I have had no help from our solicitors or the buyer.
I believe that legally, they can hold on to that money for up to 6months, quite possibly a year. Its to ensure that there are no outstanding fines/penalties/sums floating around that haven't been paid yet or any undisclosed issues with the property that need fixing.
If you have an existing fine, it usually takes around 6months before you receive a Suma to pay it.
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Posted: Sun Sep 22, 2024 11:06am
DEP003 wrote on Sun Sep 22, 2024 9:03am:
I believe that legally, they can hold on to that money for up to 6months, quite possibly a year. Its to ensure that there are no outstanding fines/penalties/sums floating around that haven't been paid yet or any undisclosed issues with the property that need fixing.
If you have an existing fine, it usually takes around 6months before you receive a Suma to pay it....
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Thank you. Do you have to chase it?
IreneTrevor wrote on Sun Sep 22, 2024 11:06am:
Thank you. Do you have to chase it?
Not sure, but it's something your own Solicitor should be on top of thus saving you the hassle.
Posted: Sun Sep 22, 2024 6:21pm
DEP003 wrote on Sun Sep 22, 2024 4:42pm:
Not sure, but it's something your own Solicitor should be on top of thus saving you the hassle.
Thank you our solicitor is being very unhelpful!!
IreneTrevor wrote on Sun Sep 22, 2024 6:21pm:
Thank you our solicitor is being very unhelpful!!
Thought about sacking them and going with someone else? They are, after all, supposed to be working for you!!!
Posted: Sun Sep 22, 2024 9:28pm
DEP003 wrote on Sun Sep 22, 2024 7:12pm:
Thought about sacking them and going with someone else? They are, after all, supposed to be working for you!!!
Yes that has been considered.
Just so fed up with the whole business. You wonder if that is the plan. Thank you
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