Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed
4 Pages  1 2 3 > » Bottom

Outline · [ Standard ] · Linear+

 Lawyers Corner, A one-stop centre on lawyers and queries

views
     
Hansel
post Oct 18 2010, 10:49 AM

Look at all my stars!!
*******
Senior Member
9,347 posts

Joined: Aug 2010
QUOTE(dariofoo @ Oct 17 2010, 02:41 AM)
Since there's so many questions about lawyers in this forum, I took the liberty to list down a few links for those who want to find out more about lawyers practising in West Malaysia as a member of the Malaysian Bar. It is important that you know that the lawyer who is handling your matter is fit and properly admitted as an Advocate  & Solicitor of the High Court of Malaya and possesses a valid Practising Certificate for the year 2010.

If you want to see if your lawyer is a member of the dreaded Hall of Shame (disciplinary order has been issued against him/her), go here:
http://www.malaysianbar.org.my/disciplinary_orders/

If you want to check if your lawyer is indeed a lawyer registered with the Bar Council and who possesses a valid Practising Certificate for the year 2010, go here:
http://www.malaysianbar.org.my/find_a_lawyer.html

If you want to check if the law firm handling your matter is registered with the Bar Council, go here:
http://www.malaysianbar.org.my/find_a_law_firm.html

For an up-to-date list of lawyers without a valid Practising Certificate [read: cannot act on your behalf], go here:
http://www.malaysianbar.org.my/members_wit...or_pc_for_2010/

Check out this link for a very simple yet informative info on buying and selling property:
http://www.malaysianbar.org.my/sale_purchase_of_houses.html

..and for general info on the law on other matters:
http://www.malaysianbar.org.my/public_awareness.html

For any direct enquiries – call Bar Council at 03-2013003.

I also propose that those who has had any bad experience with a lawyer/law firm to list down his/her experience here with the name of the lawyer/law firm involved. If there can be a list of scammers and fraudsters on LYN, there ought to be no reason why it ought not extend to bad apple lawyers/law firms as well. Everyone here ought to be forewarned.

Speak only the facts and don't descend into insults or disparaging comments which may cross the line into the realm of defamation. If you speak what is the truth, no one can sue you for defamation. Share your experience here for the benefit of all. Any enquiries and knowledge sharing is also encouraged, especially from lawyers.

Lawyers, no soliciting and touting for clients here please. Take such shameless acts elsewhere.

Cheers.
*
Great thread here, good for public infos. The phone number : For any direct enquiries – call Bar Council at 03-2013003.


Why are there only 7 digits, is this done deliberately ?

Frankly, I have seen important law documents which carry the simplest of mistakes, hence, are these simple mistakes backdoors for possible technical errors in order to avoid legal actions ?

Okay - then I get apologies saying they are honestly careless mistakes. biggrin.gif
Hansel
post Oct 19 2010, 12:45 PM

Look at all my stars!!
*******
Senior Member
9,347 posts

Joined: Aug 2010
QUOTE(dariofoo @ Oct 19 2010, 01:10 PM)
The phone number ought to be 03-20313003. Sorry about that  notworthy.gif

With regard to your query whether mistakes in law documents are backdoors for possible technical errors in order to avoid legal action, I think what you're trying to ask is whether clerical or typographical errors can be raised as an objection by the other party to get the lawsuit struck out.

Well, there's Order 1A, Rules of the High Court, 1980, which states:

Order 1A.  Court or judge shall have regard to justice.

In administering any of the rules herein the court or a judge shall have regard to the justice of the particular case and not only to the technical non-compliance of any of the rules herein.

and

Order 2, Rule 3. Preliminary objection for non-compliance of rules not allowed (O 2 r 3).

A court or judge shall not allow any preliminary objection by any party to any cause or matter or proceedings only on the ground of noncompliance of any of these Rules unless the court or judge is of the opinion that such non-compliance has occasioned a substantial miscarriage of justice.

and also

Order 20, Rule 11.Amendment of judgment and orders. (O. 20 r. 11)

Clerical mistakes in judgments or orders, or errors arising therein from any accidental slip or omission, may at any time be corrected by the Court by summons without an appeal.
Therefore, as long there is no prejudice on the other side, clerical errors and typos can be amended.

Hope that answers your query.


Added on October 19, 2010, 12:15 pm

Cheers. I replied to your topic on lawyers' fees. Which one did you appoint?
*
Dario, thank you for your time to extract all of those information and posting them here. I won't bother to counter-debate in any way, but I would just like to day this : if the judge feels lazy on the hearing day, he will just strike out the case and that's it. That's the risk.

Judges are humans too.

Hansel
post Oct 19 2010, 10:55 PM

Look at all my stars!!
*******
Senior Member
9,347 posts

Joined: Aug 2010
QUOTE(dariofoo @ Oct 19 2010, 03:38 PM)
Haha. Looks like someone had a bad experience in Court recently? Take it up on appeal,bro. Don't give up. Lawyers who object to technicalities are just, well, *tsk tsk*  smile.gif
*
It's not me, but you are right - lawyers who object on technicalities are certainly not holding up justice as the main point, generally, but the problem is the judges listened to them. Hence, it's all back to the judges.
Hansel
post Oct 31 2010, 07:32 PM

Look at all my stars!!
*******
Senior Member
9,347 posts

Joined: Aug 2010
According to Land Laws, what is the timeline for a developer to conclude an MOT process ?

Is it within the three years while the highrise is being constructed, or two years for a landed property ?

The problem becomes complicated if the Land Proprietor (LP) is a separate party and the developer needs to get the LP to sign on the Form 14 too, if the LP delays.
Hansel
post Nov 3 2010, 12:11 PM

Look at all my stars!!
*******
Senior Member
9,347 posts

Joined: Aug 2010
QUOTE(dariofoo @ Nov 1 2010, 12:36 AM)
Hansel,

Can you please enlighten us as to where you got the information that the developer has to obtain separate titles within 2 years and strata titles within 3 years?

According to Reg 11(2), Schedule G to the Housing Development (Control and Licensing) Regulations 1989, upon issuance of the individual titles, the developer shall execute, or cause the proprietor to execute (as the case may be) the MOT within 21 days from the said issuance, and shall thereafter hand the said MOT over to the purchaser.

As such, it is the duty of the developer to get the LP to execute it within the time period. It has nothing to do with the purchaser. If the Dev fails to do so within the prescribed period, they are opening themselves up to be penalised.
*
Dario, apologies, I just saw this posting.

No, I'm afraid I don't think it is as simple as : it is the duty of the Dev to 'get it executed within the prescribed period (21 Days)'. I distinctly recalled seeing in the SPA and in the MOT too, I think, that the Dev asked for this and that which gave a lot of problems to the purchasers, hence forcing the purchasers into a corner.

Then the process of MOT gets dragged over 2 or 3 years, instead of, sorry to disagree politely, that 21 Days that you mentioned. It is not as simple as that.

There were very specific terms in the SPA and in the MOT that "caught the purchasers". If such terms are already in the SPA and in the MOT, how is it that the Dev is open to penalisation ? Appreciated your opinions.
Hansel
post Nov 4 2010, 04:14 PM

Look at all my stars!!
*******
Senior Member
9,347 posts

Joined: Aug 2010
Dear Dario,

Firstly, I too would like to thank you for your great perspective in this great thread started by none other but yourself. notworthy.gif

I think what we are doing here will greatly benefit the public, whereby by reading our discussion, they will know more about how to look after themselves in future whne they come into contact with this type of issues.

I like your very factual way of conducting and immersing yourself into a discussion. thumbup.gif

Hence, I agree that we should talk factually. I will borrow a copy of the said S&P (and the MOT, if possible) by today and post up those concerned clauses here for further discussions and rebuttals. rclxms.gif


Added on November 4, 2010, 11:52 pmDario, I have provided below the clause which is talking about the title transfer :-

Clause 10 : Separate Document of Title / Transfer of Title

(1) Upon the execution of this Agreement, the Vendor shall, at its own cost and expense and as expeditiously as possible, obtain the separate document of title to the said lot.

(2) Upon the issue of the separate document of title to the said lot and subject to the payment of the purchase price by the Purchasers to the Vendor in accordance with (the payment clause) and the observance of all terms and conditions herein provided, the Vendor shall, within 21 Days execute a valid and registrable memorandum of transfer of the said property to the Purchasers.

As you can see from the above clause, the Dev here wanted the Purchaser to observe ALL the T's and C's in the S&P before the Dev will complete the transfer.

Otherwise, the Dev can always delay signing the MOT, right ?

Is the above clause in accordance with the main template agreement that you mentioned earlier ?

This post has been edited by Hansel: Nov 5 2010, 12:03 AM
Hansel
post Nov 5 2010, 07:36 PM

Look at all my stars!!
*******
Senior Member
9,347 posts

Joined: Aug 2010
QUOTE(dariofoo @ Nov 5 2010, 03:02 AM)
Hansel,

Even with this thread, the response doesn't seem to be very encouraging. There has not been many enquiries. Or maybe some people want to start their own threads rather than posting it here.

Different folks different strokes, i guess.

It's good to have you around though. Cheers.


Added on November 5, 2010, 2:07 amComing back to the discussion, here's the Schedule G which I stated earlier:

http://hba.org.my/laws/housing_reg/2002/Schedule_G.pdf

As you can see in Clause 11, it does seem similar to the one in the agreement in your case.

Now, when you say subject to the purchaser being in "observance of all terms and conditions herein provided" , it is limited to the T&Cs contained in the agreement itself, and not any other T&Cs imposed by the developer upon the buyer which is outside the scope of the agreement.

With regard to observance by the buyer, it would mostly be referring to the buyer (through his financial institution who granted him the borrowing facility) making the progressive payments to the developer as and when same is duly requested by the developer. I don't think the buyer has anything much to do apart from that.

Well, maybe avoid being declared bankrupt in the interim perhaps?

What do you think? Can the developer still twist the buyer's arm with the above clause?

I, for one, doubt so.
*
Dario, thank you.

Pertaining to your comment in the above as highlighted, I was informed that the Dev does and is indeed twisting the buyer's arm. How ?

Due to certain valid reasons, the buyer decided to redeem the loan from the bank in the middle of the construction, and gave an undertaking to the Dev to continue paying the progressive payments to the Dev as and when any stage of the construction has been completed and is certified by the Architect in-charge, as if the buyer is the bank now.

Guess what ? The Dev now stops processing the MOT though the buyer has been diligent enough to perform his part after receiving the MOT from the Dev, ie appointing a lawyer to process the MOT, and making the necessary payments as in legal fees and the Stamp Duties.

How did the Dev stop processing ? They just kept the MOT after receiving it from the buyer's lawyer and refused to sign it and refused to forward it to the LP too.

This is arm-twisting, wouldn't you think so ?
Hansel
post Nov 6 2010, 10:56 AM

Look at all my stars!!
*******
Senior Member
9,347 posts

Joined: Aug 2010
Dario, thank you, kindly assist with the sequence for the below transaction :-

1) leasehold
2) with title
3) unencumbered
4) vendor is a Land Proprietor (LP), but executor is a Dev
Hence; these two parties will need to sign on the MOT together, right ?
5) purchaser is buying with cash (similar to the above purchaser)

Hansel
post Nov 7 2010, 08:13 AM

Look at all my stars!!
*******
Senior Member
9,347 posts

Joined: Aug 2010
QUOTE(dariofoo @ Nov 6 2010, 07:40 PM)
When the S&P is aborted, the solicitor would normally charge half of the scaled fees, and refund whatever unused dibursements back to you. Same applies for loan doc.


Added on November 7, 2010, 2:14 am

Is this a subsale or purchase directly from a developer?
*
Good morning, Dario,

Sequence for :-

1) leasehold
2) with title
3) unencumbered
4) vendor is a Land Proprietor (LP), but executor is a Dev
Hence; these two parties will need to sign on the MOT together, right ?
5) purchaser is buying with cash (similar to the above purchaser)

And this is a : Purchase Directly from Developer.

Thank you.

Hansel
post Nov 7 2010, 08:27 AM

Look at all my stars!!
*******
Senior Member
9,347 posts

Joined: Aug 2010
QUOTE(dariofoo @ Nov 6 2010, 03:32 PM)
1) This thread is not to put down developer's panel solicitors or bank panel solicitors. It is not to suggest that they are incompetent or biased. It's to give you enough information to put things in perspective so that you can make an informed decision at the end of the day, after having weighed all the pros and cons.

The choice is ultimately yours at the end of the day.  smile.gif

Who can say for sure whether the developer's panel solicitors will actually (as you say) "less likely to entertain or act on your behalf if there is any dispute in the future"?

Unless you have a crystal ball which can predict the future, even you can't tell whether there's even going to be a problem or otherwise, right? For all you know, the developer's solicitor can be later kicked out of the panel, and to exact 'revenge', he may agree to act for you to file a civil suit for damages for late delivery, for instance, if the event occurs.

2) Disbursements for purchase from developer is really not much. How much of "huge cost" can they charge you anyway? If you're really worried about it, get a quotation from the solicitor and put it up here for us to take a look and advise you further.  nod.gif


Added on November 6, 2010, 2:37 pm

Hansel sorry for the late reply.

"Due to certain valid reasons, the buyer decided to redeem the loan from the bank in the middle of the construction, and gave an undertaking to the Dev to continue paying the progressive payments to the Dev as and when any stage of the construction has been completed and is certified by the Architect in-charge, as if the buyer is the bank now."

How is that possible? The buyer REDEEMED the loan?? Does that make him a cash buyer then? Are you sure of this fact?

"Guess what ? The Dev now stops processing the MOT though the buyer has been diligent enough to perform his part after receiving the MOT from the Dev, ie appointing a lawyer to process the MOT, and making the necessary payments as in legal fees and the Stamp Duties."

My question is, if the buyer has undertook to make the necessary payments as and when is due, why is the developer doing all this? They profit nothing from witholding from executing the MOT.

Arm-twisting it may be, but for what end is the developer seeking to achieve? They would've spent a lot of money applying for subdivision itself. Why pay for all that, but then leave it halfway? Might as well refuse outright to apply for subdivision.

Sorry to pose these questions back to you,but to me, it all just doesn't seem to add up.
*
" "Due to certain valid reasons, the buyer decided to redeem the loan from the bank in the middle of the construction, and gave an undertaking to the Dev to continue paying the progressive payments to the Dev as and when any stage of the construction has been completed and is certified by the Architect in-charge, as if the buyer is the bank now."

How is that possible? The buyer REDEEMED the loan?? Does that make him a cash buyer then? Are you sure of this fact?
"

Yes, you are right : in the middle of the prolonged construction, the buyer REDEEMED THE LOAN with permission from the Dev, hence, making him a Cash Buyer. This buyer then paid-up the amount disbursed thus far with the bank and committed to pay the Dev by cash should the construction work be completed at each stage.

The Dev then said the buyer is now a Cash Buyer, and withheld signing the MOT.

Is this legal ?

I go with you that the Dev has more to lose by not completing the MOT, but the buyer shared with me that the Dev was afraid that the Cash Buyer would not pay the rest of the Staged Payments if the MOT has been completed.

How can that be Right or Fair ? - ie NOT fulfilling the S&P by holding-back the signing of an MOT just because of predicting a future event that might not take place, I would see it in that way.

Appreciate your opinions.
Hansel
post Nov 7 2010, 12:20 PM

Look at all my stars!!
*******
Senior Member
9,347 posts

Joined: Aug 2010
Dear Dario, truely appreciated your points here, and the effort and time you put in to write out all these. Thought I just wanted to say this since I have just read it, and I don't want to wait till I have formed some opinions in my head.

Just to quickly express my appreciation first. Thank you.
Hansel
post Nov 8 2010, 11:36 AM

Look at all my stars!!
*******
Senior Member
9,347 posts

Joined: Aug 2010
Dario, you are indeed principled, and certainly with policies - respect !

Anyway, can you please help me with the sequence for the below ?

1) leasehold
2) with title
3) unencumbered
4) vendor is a Land Proprietor (LP), but executor is a Dev
Hence; these two parties will need to sign on the MOT together, right ?
5) purchaser is buying with cash (similar to the above purchaser)

And this is a : Purchase Directly from Developer.

Hansel
post Nov 8 2010, 01:32 PM

Look at all my stars!!
*******
Senior Member
9,347 posts

Joined: Aug 2010
Hi Dario, many thanks again indeed.

I think in the case of the buyers that we have been talking about, the LP has given a PA to the Dev to do up everything.

And their process is NOW STUCK between Step 6 and Step 7, whereby, as per your Step 5, the MOT has been prepared by the buyer's solicitor, executed and forwarded to the Dev; BUT the Dev has no intention of signing it, nor forwarding it to the LP for signing.

Hence, the MOT CANNOT be sent to the LHDN for adjudication of Stamp Duty -> is this deduction correct ?

Anyway, like you said in an earlier posting, we can go after this last since the houses are still not ready yet.

But if the VP should come later, what would you advise the buyers do in order to make the Dev perfect the MOT and further forward the same to the LP for endorsement ?

Is it necessary to obtain a Court Order ? After all, this is a straight-forward case and should not need the courts to come in-between, right ?
Hansel
post Nov 12 2010, 04:42 AM

Look at all my stars!!
*******
Senior Member
9,347 posts

Joined: Aug 2010
QUOTE(dariofoo @ Nov 8 2010, 05:21 PM)
Yes, the MOT must be executed by all parties involved before it can be sent for adjudication.

Very easy only. File an Originating Summons (Saman Pemula) in the High Court seeking, among others, an order for specific performance, i.e. that the developer (or LP, if there's no PA) executes the MOT and hands over same to the buyer within 14 days from the date of the Court Order, and in the event the developer fails to comply with the above, that the Senior Assistant Registrar of the High Court be given the authority to execute same.

Your argument would be based on the agreement itself, which provides for them to execute it within 21 days.

They would have no excuse for not complying with the provision of the agreement.

After obtaining the order and getting it executed, you can present the MOT for adjudication and proceed to present it for registration thereafter.

By way of Originating Summons will not take long as it will be heard immediately after affidavits are exchanged. There is no oral evidence as everything is based on documents.

You can get an order within a few months. Of course, this would depend on the efficiency of your lawyer. Haha.

Hope the above helps.
*
Dario, great advice you are providing to the people in this thread. rclxms.gif

Pertaining to the above matter again, would just like to know about the standard cost factors. How much would it cost :-

a) to file an Originating Summons - OS (Saman Pemula) in the High Court - payment to the Court ?

b) if the Senior Assistant Registrar (SAR) is later required to do the Dev's work, how much do we need to pay the SAR ?

c) on the lawyer fees involved : filing the OS, obtaining the order, disbursements, any others ?

d) on other things that I may have missed, eg exchanging of affidavits ?


Secondly, based on this earlier statement : Who can say for sure whether the developer's panel solicitors will actually (as you say) "less likely to entertain or act on your behalf if there is any dispute in the future"?

I am aware that there is actually a legal and proper way to discharge the current lawyer and find another one if the client feels the current lawyer is not good enough - ie not able to discharge his duties well, or being caught in a situation of conflict-of-interest, perhaps because rpresenting the opoenent too.

How do we go about discharging the current lawyer ? Is there a possibility that the current lawyer may not want to be discharged and will just hold-on to a case that he does not want to perform well for ?

What are the costs involved in discharging a lawyer ?

And finally, do we need to inform the Bar Council of this discharge too ?


Thanks again, Dario. thumbup.gif
Hansel
post Nov 12 2010, 02:48 PM

Look at all my stars!!
*******
Senior Member
9,347 posts

Joined: Aug 2010
Dario,... as per your usual great and detailed reply,... thank you and brilliant words there,... and am glad to be back too,....

Hmm,.. you mentioned lawyer fees for litigation is not fixed and not scaled. Can you kindly,... perhaps provide a ballpark from a similar case whereby it only involves specific performance matters,.... how much would the lawyer charge ?

Disbursements - I think that would be a standard of RM350.00, right ?
Hansel
post Nov 14 2010, 12:27 PM

Look at all my stars!!
*******
Senior Member
9,347 posts

Joined: Aug 2010
"Hey there,

This is a really tough question. sweat.gif I wish I had a crystal ball to help you out on this one, but I don't.

Some land offices are efficient, some are not. Some have hardworking staff, and some don't. There's a lot of factors involved, to be honest.

But as long as the documents have been presentation for registration, it should be alright. It is already on record that the documents have been presented, but not registered. So, to be honest, I wouldn't be so worried.

If you're still curious, perhaps you can ask you lawyer to give you a timeframe. Perhaps he has dealt with that particular land office for other transactions. He would perhaps be in a better position to answer your query for the time being.

Come back here with his answer and share it with us. nod.gif

Cheers."

Perhaps I'd give a word or two here - when the documents have been presented to tha Land Office, normally, the lawyer will "let go", and he will tell you that it's in the Land Office,... he won't chase the Land Office for you anymore.

What you can do is to get the presentation receipt from the lawyer, go to the Land Office concerned, make friends with the people there, and try to chase the paperwork from one step to the other, eg from the Submission Clerk to the Chief Clerk, then to the respective sections which are involved in the processing, and finally to : the District Officer, who will put his signature on the grant.

You may need to show face and go there every week if they do not know you.
Hansel
post Nov 14 2010, 07:06 PM

Look at all my stars!!
*******
Senior Member
9,347 posts

Joined: Aug 2010
QUOTE(dariofoo @ Nov 14 2010, 07:11 PM)
Yummy,

NO you DO NOT have to go to the Land Office every week, or even at all. Your solicitor's DUTY which you have PAID for extends to following up with the registration of the documents after it has been presented. If you sense a delay, call up the lawyer and ask for the latest status. If you go on your own, it would also appear to impede and undermine the work of your solicitor.  nod.gif

Furthermore, you really really don't want to go to a land office in Malaysia. It's worse than a fish market, in some areas. People wait from 6am to get a number.  sweat.gif

But if you're curious.... whistling.gif


Hansel,

If a solicitor 'let's go' of the matter and does not follow up, a complaint can be made against him and he would be subject to disciplinary proceedings. To delay the registration of a document is a serious matter, especially if there's no proof of any follow up by the solicitor.

I would never encourage anyone to bypass the lawyer and go straight to the land office to find out the status. It would be a complete waste of time, and like I said above it would appear to impede and undermine the work of your solicitor.  nod.gif

I'm sure you would have a dissenting view on this?  tongue.gif

hmm.gif ..well,.. Dario, you certainly do have your side of the story, and am not saying I don't agree with your points too, but how I would play it out would be to inform the lawyer first that I'm going to try myself since I needed the title quickly, take it as a help for him, and not so much as an indication that he is not able to do his job,...

Let me just say I have done it before at the Petaling Land Office, and it's been quite comfortable, we just need to know where to look and to be polite when speaking to the people there, and yes, be able to speak in the Malay Language well helps a lot too. My lawyer was certainly appreciative of my efforts too.

I will only raise an issue to the Bar Council after I have exhausted all avenues to get things done, and it is truely my lawyer who is not doing his job,... nod.gif
Hansel
post Nov 15 2010, 12:31 PM

Look at all my stars!!
*******
Senior Member
9,347 posts

Joined: Aug 2010
QUOTE(dariofoo @ Nov 14 2010, 11:12 PM)
cheers.gif


Added on November 14, 2010, 10:21 pm

Question is - why do you need the title so quickly? If you take a loan and the property is charged/assigned to the Bank, do you know that it is your bank who will keep the ORIGINAL title? You'll only get a photocopy.  nod.gif

Banks would give the solicitor around 3 months or so to get the duly registered title out.

Secondly, with all due respect, why on earth do you want to help your lawyer? You've paid a ridiculous amount for fees, and you've got to run around figuring out other stuff for the new property you're buying, so why bother assisting him?  hmm.gif

Would you offer to peel potatoes at a restaurant you're eating out at? Or offer to bring your own syringe to the clinic when you need a jab (or offer to sterilise it for the doc?  tongue.gif )

You may laugh at my analogy but that's what it appears to me when you say that you offer to help the lawyer extract or follow up to obtain the duly registered title.  nod.gif

What do you think? Is all the trouble really justified?

Cheers.
*
Hi bro,... thank you for all the inputs here,.. really appreciated them,...

I understand your point, kinda bounced them across those guys who completed the houses on their own (remember I told you abut them earlier ?), these fellas were saying they were afraid the developer might mortgage out their land or sell-off their land since their Dev is some sort of financial problems.

So, they were thinking it's better to grab the Title first before such a thing happens.

I gathered their process is easier as they have "converted" to cash purchasers when their houses got delayed. Hence, there is no more financier involved and they do not need to charge/assign the Title to the bank anymore -> meaning they get to keep their respective titles under their beds, lol.

Maybe, one or two wanted to sell-off too lar, not too sure about this. They can definitely sell-off their houses with the titles in ther hands, right ?

So, there you go, those are the reasons for wanting the title SO QUICKLY. What do you think, my friend ?
Hansel
post Nov 15 2010, 07:24 PM

Look at all my stars!!
*******
Senior Member
9,347 posts

Joined: Aug 2010
Hi Dario,... good evening,...

Your earlier statements as below. My replies after each sentence biggrin.gif :-

I say, now we've come back to those 'freedom fighter' purchasers' story again? Thought we've heard the last of them.

Reply : YES ! biggrin.gif

So now if the developer has financial problems - the project might be abandoned, is it? Is that what their fears are?

Reply : Yes again.

Now, if the project is abandoned/uncompleted, what would be the point of having a title for an abandoned/uncompleted property?

Reply : They have completed the houses on their own, hence, they could stay at their houses.

Who's going to grant them a subsequent loan with a charge created over that abandoned/uncompleted property?

Reply : Well, it wouldn't be called an abandoned/uncompleted property anymore if the house is finished, right ? The infrastructures are already there, water and electricity supply are available. I believed a financier could be persuaded to provide a loan here.

You get my point here, bro?

Reply : As above.

So at the end of day, like you said, they "get to keep their respective titles under their beds" la. And sleep over it!

Reply : They can stay in their houses too.

Even if they want to sell it off, who wants to buy a half-complete house with no CF?

Reply : Haha, CF. I'll ask them.
Hansel
post Jan 11 2011, 10:14 AM

Look at all my stars!!
*******
Senior Member
9,347 posts

Joined: Aug 2010
Hi Dario,... greetings again.

Remember our discssion earlier where there was a group of purchasers who snatched back their uncompleted houses from the developer, and proceeded to build up on their own ?

I heard this morning that they have complied with ALL procedures and rules of their local authority, and have been granted the Certificate-of-Fitness for Occupation (CFO). They are now able to stay at their respective houses, and have managed to enact a framework of this sort for such future problems with other unfortunate purchasers of abandoned housing.

What do you think ?

4 Pages  1 2 3 > » Top
Topic ClosedOptions
 

Change to:
| Lo-Fi Version
0.0686sec    0.39    7 queries    GZIP Disabled
Time is now: 26th November 2025 - 03:35 PM