Sep 24 2009, 08:57 AM
QUOTE(jcvstlys @ Sep 23 2009, 11:38 PM)
Hi guys, i going to auction a property this coming wednesday and i just got the copy of the POS.
I need some advice on this. Been reading through the forum for auction properties but couldnt get an exact answer.
Anyway, the property is without an individual strata title and it is leasehold.
Do you think i got sufficient time to get the loan? How about the title transfer? How long do you think it will need?
It's really a nice investment just that this will be my 1st auction. Afraid i cant secure the loan in time or the title transfer took too much time..
Hope all the sifu sifu here can advise on this.
Regards,
Deux Lai
normally the lelong house is under private caveat by the bank...I need some advice on this. Been reading through the forum for auction properties but couldnt get an exact answer.
Anyway, the property is without an individual strata title and it is leasehold.
Do you think i got sufficient time to get the loan? How about the title transfer? How long do you think it will need?
It's really a nice investment just that this will be my 1st auction. Afraid i cant secure the loan in time or the title transfer took too much time..
Hope all the sifu sifu here can advise on this.
Regards,
Deux Lai
so if u wan to fasten your loan process, u better go to that particular bank, so that they can release the private caveat faster instead of others banks....
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