Mb a few issue need to be address before jumping into those conclusion:
a) what can 38 k or even 50k buy?
b) does subsales market offer such cheap prop?
c) does it worth the value flipped prop
d) does bank give due valuation of 90% especially newly vp prop.
dont you tink this is high entry too.. 750k palm walk 3 cant get 90% loan but 80% loan..
meaning 20% DP= 150k? Or less? What can 38 k or 50kbuy? Not even 10% I presume..
Mb can ask bank officer and agents about dis..
I agree with UFO .. private treaty are most been selling.. but transacted price via this surely a slashed ... furthermo4e.. cant hide when S&P time.. ppl check vendor ccris.. ctos b4 releasing loan and etc.. dun get urself in trouble..
with nearing auction proceedings must have been commenced.. ccris sure all koyak will raise suspicion.. bank can abort the loan even offer letter was given..it provided in loan agreement..
From your answer. Why must subsale property is flipped or from flippers? Why must subsale property is more than 750k? I got one single storey link house offering 180k only. So is that consider high entry cost?
why must buyers must got problem? Ccris or ctos sure koyak? If I buy a subsale, I guarantee you I can get the loan lor...dont see the world all in negative...there are rainbows out there...