Welcome Guest ( Log In | Register )

7 Pages < 1 2 3 4 > » Bottom

Outline · [ Standard ] · Linear+

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

views
     
Tigerr
post Jan 21 2015, 09:22 PM

Look at all my stars!!
*******
Senior Member
3,033 posts

Joined: May 2011
If u want to get rid of the property. Play show hand with your ex. Dont pay n force him to pay 3600 a month.if he cant pay, then only talk. Either both agreed to sell or both also got into trouble by lelong. After lelong, your ex also could be in same shit as u. Either he top ot up or goes bankrupt. You can try find family members to buy the property from auction if you worry the price too low. Like this u can settle the problem once n for all. Else youe ex later may leaves it to you to shoulder the 3600 a month if u too chicken.
kepongA
post Jan 21 2015, 09:26 PM

Getting Started
**
Junior Member
208 posts

Joined: Jun 2012


QUOTE(Tigerr @ Jan 21 2015, 09:22 PM)
If u want to get rid of the property. Play show hand with your ex. Dont pay n force him to pay 3600 a month.if he cant pay, then only talk. Either both agreed to sell or both also got into trouble by lelong. After lelong, your ex also could be in same shit as u. Either he top ot up or goes bankrupt. You can try find family members to buy the property from auction if you worry the price too low. Like this u can settle the problem once n for all. Else youe ex later may leaves it to you to shoulder the 3600 a month if u too chicken.
*
Great advise. Who dares win. Another alternative is to negotiate with bank you'll pay your portion and let the bank go after him with legal action. He may crack under pressure and agree to sell
treblecase
post Jan 21 2015, 09:47 PM

IHI
*****
Senior Member
779 posts

Joined: Aug 2009



QUOTE(kepongA @ Jan 21 2015, 09:26 PM)
Great advise. Who dares win. Another alternative is to negotiate with bank you'll pay your portion and let the bank go after him with legal action. He may crack under pressure and agree to sell
*
A house title is classified as 50:50 if 2 names but loans under 2 names are not. She pay her half doesn't mean the other half the bank will pursue from her ex.
bearbearwong
post Jan 21 2015, 09:56 PM

Look at all my stars!!
*******
Senior Member
9,533 posts

Joined: Jun 2013


QUOTE(treblecase @ Jan 21 2015, 09:16 PM)
Well, first lelong will usually be market price at the time of valuation. Assuming the market price didn't increase by the time of the auction, and assuming there are bidders who are interested in a market value auction property, then the defendants (owners) liability after deducting all cost will be not so substantial.

However if the property is very attractive to buyer (but I don't think so as owner struggles to sell it off with sub sale), then it may spark a bidding war with final selling price that absolve owner from paying or maybe get a little profit.

But my advise is still is, don't wait for the lawyer's and/or court summons to appear.
*
yup try to sell lower ...

what you said is the front door... back door side... once reach banks hands and court... alot undertable offer to VIP.. valuation also can be altered one.. they human too 1k to 2k report change di...

u never encounter these b4? if VIP are interested... sure not let go/...
ManutdGiggs
post Jan 21 2015, 09:58 PM

10k Club
********
All Stars
13,761 posts

Joined: Jun 2011
QUOTE(bearbearwong @ Jan 21 2015, 09:56 PM)
yup try to sell lower ...

what you said is the front door... back door side... once reach banks hands and court... alot undertable offer to VIP.. valuation also can be altered one.. they human too 1k to 2k report change di...

u never encounter these b4? if VIP are interested... sure not let go/...
*
Last time I say deals can b done b4 auction y u nvr blif me wan???
bearbearwong
post Jan 21 2015, 09:58 PM

Look at all my stars!!
*******
Senior Member
9,533 posts

Joined: Jun 2013


QUOTE(aromachong @ Jan 21 2015, 08:56 PM)
Rm700k of course CERTAINLY can get you bankrupt.

But if you have tones of $$$, get a good professional lawyer and the winning percentage is high.
*
lol pro lawyers can only prolong it.. I m I will screw that lawyer with cost and ask that lawyer to pay personally for frivolous suit.. what to defend? never borrow?

never try refinancing? can get some money and use bit and bit to cover loans for next 5 years and more...

buy time...
bearbearwong
post Jan 21 2015, 09:59 PM

Look at all my stars!!
*******
Senior Member
9,533 posts

Joined: Jun 2013


QUOTE(ManutdGiggs @ Jan 21 2015, 09:58 PM)
Last time I say deals can b done b4 auction y u nvr blif me wan???
*
lol see our taikor, even never sampai lelong stage also sapued
ManutdGiggs
post Jan 21 2015, 10:00 PM

10k Club
********
All Stars
13,761 posts

Joined: Jun 2011
QUOTE(bearbearwong @ Jan 21 2015, 09:59 PM)
lol see our taikor, even never sampai lelong stage also sapued
*
I ain't any taikor. But I know how to do it ma.

Wah when debate last time u die die say tak jadi. Now u go n say ada udang di sebalik batu. Kns.
bearbearwong
post Jan 21 2015, 10:02 PM

Look at all my stars!!
*******
Senior Member
9,533 posts

Joined: Jun 2013


QUOTE(Tigerr @ Jan 21 2015, 09:22 PM)
If u want to get rid of the property. Play show hand with your ex. Dont pay n force him to pay 3600 a month.if he cant pay, then only talk. Either both agreed to sell or both also got into trouble by lelong. After lelong, your ex also could be in same shit as u. Either he top ot up or goes bankrupt. You can try find family members to buy the property from auction if you worry the price too low. Like this u can settle the problem once n for all. Else youe ex later may leaves it to you to shoulder the 3600 a month if u too chicken.
*
sure or not bank can choose to do like that?

as I know even cc if you are principle and I am sub -card... any debt, bank still bancrupt both..

same as guarantor and borrower's analogy, bank can recover from who ever... if the wife nego and pay off 50%, means this wife got money, If i bank i hantam then wife, later ask wife sue husband for proceeds

but well, depends some bank managers are really easy on divorcees... mostly UTAR
ManutdGiggs
post Jan 21 2015, 10:03 PM

10k Club
********
All Stars
13,761 posts

Joined: Jun 2011
QUOTE(bearbearwong @ Jan 21 2015, 09:58 PM)
lol pro lawyers can only prolong it.. I m I will screw that lawyer with cost and ask that lawyer to pay personally for frivolous suit.. what to defend? never borrow?

never try refinancing? can get some money and use bit and bit to cover loans for next 5 years and more...

buy time...
*
Jv la. Ex oledi no hiew loan. Lagi Mau refinance meh.
tnang
post Jan 21 2015, 10:05 PM

Look at all my stars!!
*******
Senior Member
2,834 posts

Joined: Apr 2011
Dont pay, let the ex pay, force hin agreed to sell, if he pay, you still own50%
^Ware^wolf
post Jan 21 2015, 10:06 PM

Enthusiast
*****
Senior Member
906 posts

Joined: Jun 2012
QUOTE(bearbearwong @ Jan 21 2015, 10:02 PM)
sure or not bank can choose to do like that?

as I know even cc if you are principle and I am sub -card... any debt, bank still bancrupt both..

same as guarantor and borrower's analogy, bank can recover from who ever... if the wife nego and pay off 50%, means this wife got money, If i bank i hantam then wife, later ask wife sue husband for proceeds

but well, depends some bank managers are really easy on divorcees... mostly UTAR
*
Don't understand ur last sentence .... doh.gif
bearbearwong
post Jan 21 2015, 10:06 PM

Look at all my stars!!
*******
Senior Member
9,533 posts

Joined: Jun 2013


QUOTE(ManutdGiggs @ Jan 21 2015, 10:03 PM)
Jv la. Ex oledi no hiew loan. Lagi Mau refinance meh.
*
jialat, nego with bank, and if bank ok please put in black and white.. they are more evil..

if property hot, the bank manager himself will try hantam , u try ask other banks... lol back to area valuers side, manager control

important is how badly inflated the prop is, iof new launch, no worries after auction sure enough to cover
bearbearwong
post Jan 21 2015, 10:10 PM

Look at all my stars!!
*******
Senior Member
9,533 posts

Joined: Jun 2013


QUOTE(^Ware^wolf @ Jan 21 2015, 10:06 PM)
Don't understand ur last sentence .... doh.gif
*
bro just kidding only, please respect the TS... dilema..

half share realy hard.. like bro Edyek mention it is half portion, you cant file court order to force him to sell..

this matter is under matrimonial home division, not the bro Edyek's pure common share, in marriage situation, matrimonial home empowers the court under law to divide the props by:

a) order to sell off and apportioned the money or debt if any
b) ask either side to buy off

still dun understand, how come matrimonial home never addressed? divorce by legal aid? got a sloppy lawyer? pre agreement?

if cant sell, and one party still staying there, ask for rentals
ManutdGiggs
post Jan 21 2015, 10:11 PM

10k Club
********
All Stars
13,761 posts

Joined: Jun 2011
QUOTE(bearbearwong @ Jan 21 2015, 10:06 PM)
jialat, nego with bank, and if bank ok please put in black and white.. they are more evil..

if property hot, the bank manager himself will try hantam , u try ask other banks... lol back to area valuers side, manager control

important is how badly inflated the prop is, iof new launch, no worries after auction sure enough to cover
*
U really hor so green in prop. Now most if not all banks get approval fr hq la. Branch minizers boh lat liao la.
bearbearwong
post Jan 21 2015, 10:13 PM

Look at all my stars!!
*******
Senior Member
9,533 posts

Joined: Jun 2013


QUOTE(ManutdGiggs @ Jan 21 2015, 10:11 PM)
U really hor so green in prop. Now most if not all banks get approval fr hq la. Branch minizers boh lat liao la.
*
haiya... HQ robot meh? eat vege only? no friends with branch meh? no talk? lol
ManutdGiggs
post Jan 21 2015, 10:16 PM

10k Club
********
All Stars
13,761 posts

Joined: Jun 2011
QUOTE(bearbearwong @ Jan 21 2015, 10:13 PM)
haiya... HQ robot meh? eat vege only? no friends with branch meh? no talk? lol
*
Branch minizers r not allowed to approve loan liao lo. U got many banker frenz ma. Try ask. Or maybe my bankers lie gao me.
edyek
post Jan 21 2015, 10:17 PM

Business Rating :
*******
Senior Member
3,820 posts

Joined: Jan 2009
From: Land of the Hornbills & Land Below the Wind


QUOTE(bearbearwong @ Jan 21 2015, 10:10 PM)
bro just kidding only, please respect the TS... dilema..

half share realy hard.. like bro Edyek mention it is half portion, you cant file court order to force him to sell..

this matter is under matrimonial home division, not the bro Edyek's pure common share, in marriage situation, matrimonial home empowers the court under law to divide the props by:

a) order to sell off and apportioned the money or debt if any
b) ask either side to buy off

still dun understand, how come matrimonial home never addressed? divorce by legal aid? got a sloppy lawyer? pre agreement?

if cant sell, and one party still staying there, ask for rentals
*
Halo Boss bearbearwong,

Long time no see leh. biggrin.gif

Ex wor… TS got mention EX husband ka? Cannot be EX bf ka? tongue.gif
bearbearwong
post Jan 21 2015, 10:19 PM

Look at all my stars!!
*******
Senior Member
9,533 posts

Joined: Jun 2013


QUOTE(edyek @ Jan 21 2015, 10:17 PM)
Halo Boss bearbearwong,

Long time no see leh.  biggrin.gif

Ex wor… TS got mention EX husband ka? Cannot be EX bf ka?  tongue.gif
*
opss, sorry TS... jumping into conclution already..if ex BF, then deadlock as per bro Edyek..

hi there, flood not looking good over there wor...

This post has been edited by bearbearwong: Jan 21 2015, 10:19 PM
edyek
post Jan 21 2015, 10:20 PM

Business Rating :
*******
Senior Member
3,820 posts

Joined: Jan 2009
From: Land of the Hornbills & Land Below the Wind


QUOTE(Tigerr @ Jan 21 2015, 09:22 PM)
If u want to get rid of the property. Play show hand with your ex. Dont pay n force him to pay 3600 a month.if he cant pay, then only talk. Either both agreed to sell or both also got into trouble by lelong. After lelong, your ex also could be in same shit as u. Either he top ot up or goes bankrupt. You can try find family members to buy the property from auction if you worry the price too low. Like this u can settle the problem once n for all. Else youe ex later may leaves it to you to shoulder the 3600 a month if u too chicken.
*
I kind of agree on boss Tigerr punya method. Desperate times call for desperate measures. rclxms.gif

Live and die we shall be together. rclxm9.gif

7 Pages < 1 2 3 4 > » Top
 

Change to:
| Lo-Fi Version
0.0204sec    0.81    5 queries    GZIP Disabled
Time is now: 18th December 2025 - 12:14 AM