Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 BUMI sell to NON-BUMI (NON-BUMI LOT), anxiously seeking advice

views
     
SUSjalsrix
post May 13 2013, 09:53 PM

Regular
******
Senior Member
1,927 posts

Joined: Sep 2009
Yes, it can be transferred from Bumi to Non Bumi. But you must hire a good lawyer when submitting to land office.

Make sure you state that the seller in need of urgent money.[U]

Ask seller to submit a letter to land office saying he needs money urgently

If lawyer is stupid and not successful after first submission, then appeal another time.

It just takes longer than non bumi sell to non bumi.


Put this condition in your S & P,

if bank auction the unit or cannot transfer to your name, then you have the right to get back the 10% deposit.

As long as it is in S&P, then no need to worry.

You can also pay more than 10% (eg. 30%) to lawyer to cover up the outstanding 1 year loan and you pay the rest upon successful transfer of name.

Ask lawyer to pay to the bank on seller behalf.

That should prevent the bank from auctioning the house while you wait for consent to transfer.

This post has been edited by jalsrix: May 13 2013, 10:03 PM
brianccg
post May 13 2013, 11:24 PM

Look at all my stars!!
*******
Senior Member
3,024 posts

Joined: Jan 2003


QUOTE(theock @ May 13 2013, 05:17 PM)
At least some good feedback. Thanks dude. Btw, the land office application you submit as standard procedures or you let some 'expect' helping in the process?
The property is not up for auction yet. =)
*
Actually is the seller need to submit the application. Actually I think for your case still have good chances to get the consent as the seller really in a deep shit to sell the house and he can use this strong reason by providing bank letter saying that he is in deep financial difficulty n need to sell off the property to pay the debt. Just tht very time consuming.

As for my case, we go through a proper way.
TStheock
post May 14 2013, 12:39 AM

New Member
*
Junior Member
16 posts

Joined: Sep 2006
From: KL



QUOTE(pekoejazzy @ May 13 2013, 08:33 PM)
I did not proceed with the signing of SnP. Therefore it was much easier to abort, my earnest deposit was just 2% and we solved the problem amicably with the owner without any extra cost incurred.

For case after SnP, you may need to discuss with your lawyer. For the offer letter from bank, The lucky thing was I did not sign anything as I made sure the outcome from title search was fine for me first, which was not the case.
*
I see. I tot u went through cause u mention after a few months. I guess this is not my case. I'll see what can I negotiate for. Thanks man. Appreciate the effort in helping
TStheock
post May 14 2013, 12:40 AM

New Member
*
Junior Member
16 posts

Joined: Sep 2006
From: KL



QUOTE(ryansxs @ May 13 2013, 09:42 PM)
If your purchase price is higher than what the seller owe the bank, i think bank should not have problem in selling the property. I feel like the bank officer is new?
*
I guess it's maybe in the last stage edi. So they demand for some money to hold.
TStheock
post May 14 2013, 12:43 AM

New Member
*
Junior Member
16 posts

Joined: Sep 2006
From: KL



QUOTE(jalsrix @ May 13 2013, 09:53 PM)
Yes, it can be transferred from Bumi to Non Bumi. But you must hire a good lawyer when submitting to land office.

Make sure you state that the seller in need of urgent money.[U]

Ask seller to submit a letter to land office saying he needs money urgently

If lawyer is stupid and not successful after first submission, then appeal another time.

It just takes longer than non bumi sell to non bumi.
Put this condition in your S & P,

if bank auction the unit or cannot transfer to your name, then you have the right to get back the 10% deposit.

As long as it is in S&P, then no need to worry.

You can also pay more than 10% (eg. 30%) to lawyer to cover up the outstanding 1 year loan and you pay the rest upon successful transfer of name. 

Ask lawyer to pay to the bank on seller behalf.

That should prevent the bank from auctioning the house while you wait for consent to transfer.
*
Thanks for the insight bro. I think can discuss with lawyer to add in the clauses into the spa.

On seller submit a letter to land office. Do u mean that my lawyer will submit a letter for consent and the seller submit another letter to write on his case in need of money?

pekoejazzy
post May 15 2013, 10:53 AM

Getting Started
**
Junior Member
83 posts

Joined: Jan 2003
From: Petaling Jaya
QUOTE(theock @ May 14 2013, 12:39 AM)
I see. I tot u went through cause u mention after a few months. I guess this is not my case. I'll see what can I negotiate for. Thanks man. Appreciate the effort in helping
*
It took a very very long time to even get back my earnest deposit (2%) even the SnP is not signed... When you deal with agent, its not easy to get back the money even you have sufficient reason to back out. It was a real nightmare for me, so really, please be very careful when committing for something even if its just signing a booking form.
sendomike
post Jul 5 2014, 03:14 PM

Enthusiast
*****
Senior Member
855 posts

Joined: May 2010
From: Petaling Jaya, Selangor


hi, can i buy a freehold non-bumi lot from a malay?
will it be easy to transfer the name?

thanks smile.gif
Jliew168
post Jul 5 2014, 03:22 PM

On my way
****
Senior Member
600 posts

Joined: Jun 2014
QUOTE(sendomike @ Jul 5 2014, 03:14 PM)
hi, can i buy a freehold non-bumi lot from a malay?
will it be easy to transfer the name?

thanks smile.gif
*
Yes u can buy freehold non bumi lot from Malay a lot more easy since it is freehold so it does not require state consent and can be done within 3+1 month.
I assume u are Malaysian citizen n not foreigner
sendomike
post Jul 5 2014, 03:46 PM

Enthusiast
*****
Senior Member
855 posts

Joined: May 2010
From: Petaling Jaya, Selangor


QUOTE(Jliew168 @ Jul 5 2014, 04:22 PM)
Yes u can buy freehold non bumi lot from Malay a lot more easy  since it is freehold so it does not require state consent and can be done within 3+1 month.
I assume  u are Malaysian citizen n not foreigner
*
Hi, thanks for the reply. Yes, I am Malaysian and my dad is worried that the name transfer will be a problem since he is a Malay, even if the unit is non-bumi lot. They say freehold, we do not need any approval from land office, right?

Thanks for the reply smile.gif
sampool
post Jul 5 2014, 04:04 PM

Look at all my stars!!
*******
Senior Member
2,294 posts

Joined: Mar 2009
QUOTE(SpeechLess11 @ May 13 2013, 07:12 PM)
once a wise man say: 'never buy leasehold from bumi' to me...guess can shout-out to all lowyat forumer...
*
i think it is hardly to avoid as about 50% houses in kv is leasehold... sad.gif
AMINT
post Jul 5 2014, 04:50 PM

Look at all my stars!!
*******
Senior Member
7,446 posts

Joined: Sep 2008
leasehold transfer from bumi to nonbumi is doable. just need a little more time
Pugface
post Jul 5 2014, 04:55 PM

On my way
****
Junior Member
522 posts

Joined: Apr 2014
omg so ngum dhum...
chuamhc
post May 2 2015, 04:35 AM

New Member
*
Junior Member
30 posts

Joined: May 2015
http://bumilot.blogspot.com/
chuamhc
post May 2 2015, 04:36 AM

New Member
*
Junior Member
30 posts

Joined: May 2015
http://bumilot.blogspot.com/

aikin07
post Feb 21 2020, 02:38 PM

New Member
*
Junior Member
45 posts

Joined: May 2012
So long nobody talk about this topic.
Currently happen again in Pahang state.

Land title: non bumi
Sekatan: yes...as usual a an approval needed from pentabir tanah. (MB)
Current owner : Malay
Buyer: Chinese

As info i received....all same kind of application totally ignored. Meaning it just leave it there. He did not reject n in the mean time he not approve also.

So what is this....a revenge of BN loss in Federal .

 

Change to:
| Lo-Fi Version
0.0164sec    1.47    5 queries    GZIP Disabled
Time is now: 18th December 2025 - 12:40 AM