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 Strata title not transferred from dev to owner, Kelana Puteri

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cfa28
post Sep 12 2014, 02:21 PM

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QUOTE(LoveMeNot @ Sep 12 2014, 01:58 PM)
CIMB loan me 90%+misc fees for a condo of 19 years without strata title and a bankrupt developer. I was offered 70% by public bank. First house btw.
you are wrong. when i was going around seeking for loan, when I told them about the status of the condo, without knowing my credit rating, they straight say sorry we can't. what say you?
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Different Banks have different policies and 'blacklisted projects'.

Perhaps in your case, the project / developer is in the 'Blacklist'.

Once, in the 'Blacklist' very difficult to approve the End Financing Loan, unless for Special / VIP customer.

Then again, it is unlikely for Special Customer to be buying into 'Blacklisted' projects.
cfa28
post Sep 12 2014, 02:54 PM

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QUOTE(LoveMeNot @ Sep 12 2014, 02:30 PM)
But they didn't even ask for the name of the developer wor? I think 1 did ask and checked but it's not in the list. Once they hear me saying it's a 19 years old without strata title + bankrupt- straight they rejected.
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But not all Banks right. Think that the min to apply is at least 3-different Banks for Housing Loans.
cfa28
post Sep 12 2014, 03:08 PM

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QUOTE(LoveMeNot @ Sep 12 2014, 03:01 PM)
I went to all bank to ask. Only HSBC, Standard Chartered, Public Bank and CIMB entertained me. The rest; without checking my credit status or the developer; say no once I told them
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In Alphabetical order, u mean the following Banks rejected you

Local Banks

Affin
Alliance
EON
Hong Leong
Maybank
RHB


Foreign Banks

Citibank
OCBC
UOB

I am sure that some Banks will be willing to Lend. Btw, is it Freehold or Leasehold?

Have u got your Strata Title yet? Any functioning JMB
cfa28
post Sep 12 2014, 03:22 PM

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QUOTE(mroys@lyn @ Sep 12 2014, 03:17 PM)
maybe the bank officer want to buy your units...
just joking  smile.gif
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sometimes, sh1t like this happens so must apply to as many Banks as possible
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