Outline ·
[ Standard ] ·
Linear+
late penalty, please help
|
joey85
|
Mar 27 2010, 09:58 AM
|
|
i just bought a 2nd hand house recently... according to my lawyer.. she said the "3+1" terms (interest charges) only calculate after consent obtained (for leasehold house) ... may be for my case only?? im not so sure too.. but this is what my lawyer told me... coz i just got my consent from land office this early of month, so the "3+1" only impose started by this month...
|
|
|
|
|
|
joey85
|
Mar 29 2010, 03:10 PM
|
|
QUOTE(sweetnovember @ Mar 29 2010, 01:19 PM) I agree. It happened to me, as my SnP signed on Sept 2009, and only got the redemption voucher last week. It really took me long time to wait for the process. The owner start to remind me on 3+1, may I know when is it start counting for the 3+1? I am not sure about what's behind it, but the lawyer firm should have responsible for that. Now, I got to call up every week to check for status.  yeap as leongal said... urs is lease hold or free hold? u should refer to ur lawyer coz u pay for their service... and u can actually nego with ur seller for the interest charge if problem occur due to redemption issue (if problem fall on seller side)... however as mentioned should get advice from ur lawyer... coz u already paid... let them do something for u
|
|
|
|
|
|
joey85
|
Mar 29 2010, 05:32 PM
|
|
QUOTE(sweetnovember @ Mar 29 2010, 04:47 PM) it's freehold. somehow it takes such a long time... just come to know that, the redemption voucher is not released yet.  Added on March 29, 2010, 4:48 pmyaya... I think I should call up everyday. I am sick of it. emmmm normally freehold does not need to take such long period... ur lawyer got problem? coz my previous experience (or can said is my hubby) also due to lawyer problem... the lawyer license got problem, he busy with his renewal... and put all cases aside... that why our process was pending until bout 1 year... we get penalty (few thousand) due to this irresponsible lawyer... try to report him... but not enough data... so we gave up to report him in local lawyer society... however the lawyer u refer above is ur S&P lawyer or loan lawyer? or they are the same one (mean one lawyer appointed for loan and s&p)? sometimes loan lawyer really problematic...
|
|
|
|
|
|
joey85
|
Mar 30 2010, 05:26 PM
|
|
QUOTE(sweetnovember @ Mar 30 2010, 09:21 AM) ' if that's the case, then  so my 3+1 ored over for quite a while already then. but if that is due to owner's bank not releasing the redemption voucher, is the case valid? or I need to check the SnP to find out this? the owner did say about the 3+1 penalty, as he said he is still paying the interest .  Added on March 30, 2010, 9:23 amhow you found out that your lawyer got problem? I not sure whether my lawyer got problem or not. I think their service is not good, as always dun keep their promise of replying the call to update me. The same lawyer for both SnP and loan. Usually I will check with the clerk not the lawyer, should I just directly reach lawyer instead? my hubby found out coz... lol story is like that the lawyer is seller's guitar student (seller is a guitar teacher)... so we trusted seller..so u appoint the seller lawyer as our lawyer as well... then actually is the seller told us that the lawyer license being on hold by local lawyer authority in which was already after bout few months both party (seller and buyer) feel so weird bout the slow response and irresponsible attitude.. >.< so my advice is dont take seller lawyer... find a good lawyer ourselves....
|
|
|
|
|