Yeah i'm expecting if i'm using their panel lawyer and not my own lawyer, the interest will be on their side definitely. So you're saying regardless of which lawyer i use, i still need to pay the same amount of fee? Unlike subsale, where if vendor or purchaser tumpang lawyer, then charges are significantly reduce?
Anyway, i will follow your sincere advise! But just questioning back for confusion. Hope you don't mind..

Oh yeah, 1 more thing. The auction that i'm going is under CIMB, and if i'm going to get my own lawyer, do i have to choose the lawyer that are the panel of CIMB?
And panel must be that particular branch, or as long as CIMB?

So initially, the step would be as below:

Before auction
1. Inspect the property at your own will.
2. Do an official search for the properties
3. Register with the licensed auctioneer/ agent/ bank.

During auction
1. 10% of the reserved price by bank draft, with photocopied IC.
2. Go for bidding

After auction
1. Pay the remaining of the 10% from the reserved price - final price by either bank draft or cash.
2. Apply for bank loan. (this can be done before the auction for safety precaution that as if you think your financial statement would be a problem)
3. Engage own lawyer.
4. Wait lawyer to prepare documents
5. Loan approved, sign LO and LA.
6. Sign SPA, and whatever doc that related.
7. And, wait lawyer to process again.

Anything missing or wrong, please fill in for me ya..
Million thanks

To ensure the title is clean for transfer. As per above, it is NOT necessary to register. Any agents telling you so is trying to secure their commission from banks. And the auctioneer is right. Just go on the day with the appropriate documents will do. Like I said, unless you are getting some kickbacks, there is really no point in registration.

There are two types of auctions, high courts and LACA. For high court, no approval is necessary even for bumi lots. It is transfer straight away without restrictions.

If LACA, then yes, you need plenty of approvals, etc.

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Added on April 7, 2012, 11:27 pm

Should be the same. Though for high court auctions, lawyers are more willing to give more discount as less work is needed to complete the transfer.