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Investment EKOCHERAS @ JALAN CHERAS (Ver 3) [MRT PROPERTY], Where Cheras becomes Mont'Jiulai

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mydrm12345
post Dec 20 2014, 08:49 PM

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To all taikor,

Today I received shock from AmBank (my bank loan for EkoCheras). In the letter it wrote:
Please be informed that Special Terms & Conditions on Item No. x has been amended to be read as follows:-
SPECIAL TERMS & CONDITIONS
- Submission of land title free from encumbrances prior to first drawdown.
All other terms and condition shall remain unchanged.


Then another letter from Ekovest Capital Sdn Bhd. In this letter it wrote:
With reference to ......... letter dated 09/12/2014 ... (remark: I do not receive this 09/12/2014 letter from AmBank sent to Ekovest Capital)
......
......
b) The Master title is currently charged to Ambank Sdn Bhd .........



Then what? The above two is a big conflict right?
So stuxxx right Ambank? The Master title charged to them, they sent letter ask Ekovest and sent the above letter to me said t&c amended to "free from encumbrances prior to first drawdown".

Like that how to proceed? Big Conflict? Am I right?
mydrm12345
post Dec 20 2014, 11:33 PM

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anyone also borrow from AmBank?

No similar issue for other banks?
mydrm12345
post Dec 21 2014, 06:31 PM

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QUOTE(Jagalat @ Dec 21 2014, 12:31 AM)
Would you plan to verify to the bank/agent ?
Me also borrowed from Ambank.
I haven't received a similar letter.
BTW, l am taking DIBS.

Any advise taikors out there?
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Jagalat, yes i plan to check with some party, i posted it here also https://forum.lowyat.net/index.php?showtopi...&#entry72084980

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