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
BUMI sell to NON-BUMI (NON-BUMI LOT), anxiously seeking advice
May 13 2013, 09:53 PM
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