AUCTION PROPERTY- NEED ADVICE
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 Mar 1 2011, 08:11 PM
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#1
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Senior Member
4,694 posts Joined: Jan 2005  
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An auction property is
- Sold on 'as is where is' basis. - Doesn't guarantee delivery of vacant possession. - Can be withdrawn from auction anytime b4 the session begin. - Caveat = Cannot get bank loan, must pay balance with own money. |
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Mar 1 2011, 09:06 PM
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#2
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Senior Member
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QUOTE(henryhing @ Mar 1 2011, 08:50 PM) Goodness gracious..But heard that cukai pintu and tanah will be beared by the bank auctioning the property.. Is it true?? Differ from case-to-case, bank-to-bank. Ultimately, grab a copy of the POS & read from the 1st letter till the last sentence. There's no shortcut. |
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Mar 1 2011, 09:27 PM
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#3
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QUOTE(cody99 @ Mar 1 2011, 09:15 PM) addition to scorgio. Usually property already with title will take place at High Court or Land Office. I understand there is High Court Auction and Bank Auction. Not sure how different are they Property without title will take place at auctioneer's office or a designated location. |
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Mar 1 2011, 10:08 PM
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#4
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QUOTE(henryhing @ Mar 1 2011, 10:03 PM) Mine is in Jalan Duta high court. What to pay attention fron the POS??? POS stands for Proclamation of Sale.If you don't know what's that, suggest u quit on auction property b4 u dig urself a big hole. |
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Mar 2 2011, 08:31 PM
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#5
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QUOTE(henryhing @ Mar 2 2011, 07:50 PM) Oh goodness ur reading or iQ must be poor..I mentioned POS few times. U said to read the POS properly..What to read that is confusing in the POS??? Address, plaintiff, defendant etc..What specifically is deceiving in the POS must read from begining to end without missing a word??? For people who're lazy to do their own homework. Why should I assist? It'll be good to have more ppl dig themselves a hole & I get the chance to gain from their losses. |
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