Outline ·
[ Standard ] ·
Linear+
Lawyer's Corner v2, One-stop centre for any legal queries
|
Wilson1981
|
 Sep 9 2012, 05:53 PM
|
New Member
|
Dear legal expert, I had brought a single storey house through LACA auction from bank on 17 July 2012 which cost about RM80k. I had paid 10% deposit. My legal firm's clerk just told me the individual title had been issued and already registered under previous owner name. The firm 's clerk said she never meet this kind of case before because this case should under high court auction.  My Question is: Q1, how can i transfer the house under my name? because i heard maybe the bank will withdraw the deal. Q2, are there any risk if i proceed to pay balance purchase price? i intend pay by cash. Thanks for help.. wilson |
|
|
|
|
|
Wilson1981
|
Sep 10 2012, 11:35 PM
|
New Member
|
QUOTE(dariofoo @ Sep 10 2012, 01:31 PM) Perhaps the property was under assignment at first when the vendor took the loan, and only later, title was issued. The PA would still be in force, so the bank can execute the transfer on behalf of the vendor, as the bank is the assignee whom the vendor has vested his authority in. Since you are buying by way of cash, I see no complications. Why bother talking to the clerk ? Demand to speak to a lawyer at once and ask him as to how he intends to resolve this matter. You're not paying professional fees charged by a lawyer to be entertained by a clerk. Thank you so much for your reply, I will direct talk to the lawyer. |
|
|
|
|
Quote
0.0347sec
0.53
7 queries
GZIP Disabled