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 If Bank Lelong my house, what is the impact on me?

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Yamma
post Feb 13 2015, 03:30 PM

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now advertise at rm713k only. pity TS.

http://www.mudah.my/X+2+Residency+Condo+Ta...8360.htm?last=1
TSxx_xx
post Feb 13 2015, 03:48 PM

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QUOTE(cdspins @ Feb 13 2015, 01:41 PM)
You can find few agents instead of relying on just one. Besides, can put up in website as well.
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Yes, got a few agents.. but I guess previously the price set too high dy.. no one asking at all.
Now have just decided to lower the price after re-calculate... smile.gif


TSxx_xx
post Feb 13 2015, 03:49 PM

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QUOTE(Yamma @ Feb 13 2015, 03:30 PM)
ya la, the only depreciated value condo I have seen... vmad.gif
findingdory
post Sep 19 2019, 11:11 PM

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what happened to this case after so long?
AskarPerang
post Sep 19 2019, 11:19 PM

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Among the 4 big things not to do:


Humanoid
post Sep 20 2019, 06:24 PM

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just wondering if defaulted the loan, but ur hand got other property still serving loan, and some paid off... bankruptcy the bank will take all ur asset (including ur car) away, or just the defaulted loan property only?
SUSSmartyMan
post Sep 20 2019, 10:20 PM

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QUOTE(Humanoid @ Sep 20 2019, 06:24 PM)
just wondering if defaulted the loan, but ur hand got other property still serving loan, and some paid off... bankruptcy the bank will take all ur asset (including ur car) away, or just the defaulted loan property only?
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Curious to learn too
sosobear
post Sep 21 2019, 12:18 AM

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QUOTE(Humanoid @ Sep 20 2019, 06:24 PM)
just wondering if defaulted the loan, but ur hand got other property still serving loan, and some paid off... bankruptcy the bank will take all ur asset (including ur car) away, or just the defaulted loan property only?
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cant keep asset when you’re bankrupt. have to sell everything.
DiRecToRofSaTaN
post Sep 21 2019, 12:46 AM

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QUOTE(sosobear @ Sep 21 2019, 12:18 AM)
cant keep asset when you’re bankrupt. have to sell everything.
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Correct you will start of Zero or ground Zero all Asset under your name will be ceased and confiscated from the bank.

But then again there is always GoKL Bus which is free of change for you to roam around KL>
Humanoid
post Sep 23 2019, 02:53 PM

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QUOTE(DiRecToRofSaTaN @ Sep 21 2019, 12:46 AM)
Correct you will start of Zero or ground Zero all Asset under your name will be ceased and confiscated from the bank.

But then again there is always GoKL Bus which is free of change for you to roam around KL>
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even joint name also or even fully paid property? wa thats crazy
triple02
post Sep 23 2019, 03:12 PM

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QUOTE(Humanoid @ Sep 23 2019, 02:53 PM)
even joint name also or even fully paid property? wa thats crazy
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of course laa...bank will auction off the fully paid property to pay off whatever owed to them what drool.gif
icemanfx
post Sep 23 2019, 03:12 PM

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QUOTE(Humanoid @ Sep 23 2019, 02:53 PM)
even joint name also or even fully paid property? wa thats crazy
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If every defaulters could walk free from liabilities, what will happen to banks?

DiRecToRofSaTaN
post Sep 23 2019, 06:05 PM

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When it comes to dealing with Banks there are limited choices and number one choice is pay pay and pay ...

It will definitely haunts your well being .. and don't ever think that declaring Bankrupt is the only option.
Yukieliow
post Sep 24 2019, 10:43 AM

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before u thinking of bankruptcy, why u didnt explore the other alternatives?
sell lower than market price ( thats still better than lelong)
or rent out to cover monthly loan at this time.
Your other part not keen to do anything cause he expect u to pay the monthly installment. u must fix with him and not wait him suddenly pay u. it wont happen.

This post has been edited by Yukieliow: Sep 24 2019, 10:45 AM
Humanoid
post Sep 26 2019, 11:45 PM

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QUOTE(triple02 @ Sep 23 2019, 03:12 PM)
of course laa...bank will auction off the fully paid property to pay off whatever owed to them what  drool.gif
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as long as cover off the debted property, then fully paid property wont be auction off liao is it work that way?

is it calculated based on the property price according to SPA price or price include interest ar?
icemanfx
post Sep 27 2019, 12:12 AM

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QUOTE(Humanoid @ Sep 26 2019, 11:45 PM)
as long as cover off the debted property, then fully paid property wont be auction off liao is it work that way?

is it calculated based on the property price according to SPA price or price include interest ar?
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bank is only interested to recover outstanding amount. if the borrower couldn't repay within certain time frame, bank could seize the property and auction off.


This post has been edited by icemanfx: Sep 27 2019, 12:13 AM
Siao_Lang
post Sep 27 2019, 01:17 AM

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QUOTE(xx_xx @ Jan 24 2015, 09:53 AM)
And I wonder why when there is any letter from Majlis perbandaran or the local office to ask for cukai and something,

those letter only addressed to him only??? Is it normal??

I am just worried that if he plating some tricks behind me and later ended up the property will turn to his name afterall
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I think its assessment. You need to pay quit rent & assessment. Its usually payable to the lical authority.. Cukai pintu n cukai tanah..

Whoa.. U sure are beginner in buying property.

Your ex is a trash... Ask lady to pick up his poopoo..
sosobear
post Sep 27 2019, 07:12 PM

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QUOTE(Humanoid @ Sep 26 2019, 11:45 PM)
as long as cover off the debted property, then fully paid property wont be auction off liao is it work that way?

is it calculated based on the property price according to SPA price or price include interest ar?
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will recover debt, compounded interest, legal cost, auctioneer cost...

This post has been edited by sosobear: Sep 27 2019, 07:13 PM
kamluntat P
post Sep 27 2019, 07:33 PM

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if the house lelong price is lower than bank loan is how?

owner need to declare bankrapt?
dannychen
post Sep 28 2019, 10:22 AM

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QUOTE(kamluntat @ Sep 27 2019, 07:33 PM)
if the house lelong price is lower than bank loan is how?

owner need to declare bankrapt?
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i think you can get some clue on your facilities agreement that you have signed earlier.

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