Must pay, no matter how, interest keep counting and make ur ccris record very bad.

Both also lose if u dont pay.

ur ex ignore then u take care it, rent it out.

Yes, I am still here.. Didnt check the reply during working...
Anyway, thanks for the reply... I guess I kind of sorting things out from all of the comments given

1. yes, is Ex BF only, not Ex husband.

2. Why bank approve loan? it was about 3 years back.. Guess the property market is super hot during that period and many young people easily get loan

3. Is a brand new property in Puchong area which just done construction few months again. I just done all the defects check and so on only.

4. If there is anyone interested on the property, I dont mind selling it off at anytime

5. Have asked a few agents and seems like that place is not a hot cake yet for those buyers..

6. the loan amount was about 680k and now the price is plan to sell off at around 730k

7. and Is a Leasehold property, so I guess this is the reason why not much buyers interested on it

8. Any agent here that can help to sell off the house? also, I not sure about the commission for agent as some of them ask for 2-3%, some deal with 1% only... very confusing...

Can let us know the name of the project?

xx_xx, talk to your ex and come to an agreement to sell the Property

You can tell your ex that you will take the leas to sell unless he wants to take the lead.

Tell him the indicative market price is RM730K and that both parties MUST pay 50% of the installment until the Property is disposed

Profit will be 50:50 after deducting for all related cost such as Lawyer, Agemt, etc

Which part of Puchong is this? Landed or Highrise?

Is it Lake Vista?

Errrhh..... loan amt 680k (presume 90%)..... means u bought the prop at ard 755k 3 yrs back..... now after completion selling at 730k???

yes...
oh well...

What is your holding power?
How long more can you sustain the installment or you can't afford it anymore even for a month?

I think if you willing to try and hold it while trying to find a buyer, maybe can really find someone.
Also would you confider selling at slightly lower market price?
Market price at 730k, consider 710k perhaps?

[quote=xx_xx,Jan 22 2015, 05:38 PM]
Yes, I am still here.. Didnt check the reply during working...
Anyway, thanks for the reply... I guess I kind of sorting things out from all of the comments given

1. yes, is Ex BF only, not Ex husband.

sorry TS then.. BF and GF very large commitment

2. Why bank approve loan? it was about 3 years back.. Guess the property market is super hot during that period and many young people easily get loan

many BBB can self slap their face di...easy loan money= flippers alot

3. Is a brand new property in Puchong area which just done construction few months again. I just done all the defects check and so on only.

4. If there is anyone interested on the property, I dont mind selling it off at anytime

5. Have asked a few agents and seems like that place is not a hot cake yet for those buyers..

6. the loan amount was about 680k and now the price is plan to sell off at around 730k

7. and Is a Leasehold property, so I guess this is the reason why not much buyers interested on it

8. Any agent here that can help to sell off the house? also, I not sure about the commission for agent as some of them ask for 2-3%, some deal with 1% only... very confusing...

dun care about the commi but cap it at 2 % max..want more than 3% can confirm sell..

very high sums..

some jokers comment worth 32 years old only,, selling 730k and selling 710k got difference, mentality really not right... if ppl were to buy or not buy due to the 20k difference out of 700k plus... really , no wonder semenyih is incinerator area really a lot of rubbish lol

TS u say got logic or not? if ppl really want to buy at 710k and you open price 730k, fast fast sell di..

btw, TS there are RPGT too , you know right? and redemmption value from the bank, the 2% penalty for ealy settle ment

TS. You need to communicate with ex on this, and settle this amicably. No emotions invovled, for it will only make matters worse.

Once settled and agree to sell, and agree that you lead the sell... Continue to pay installment for your own half. Ask for help from family in this trying times, as it may take months to dispose.

Find a good agent, preferably one that specialize in that area. If you have more questions in regard of bankrupcy, and. So on, you can try this site http://www.akpk.org.my and even meet with one of the officers on any questions you may have.

Finally, zen yourself, you'll be fine and it will eventually be sold.

TS still haven't reveal where her house is. Who knows, there may be someone here who's willing to buy & help a damsel in distress?

The property name is X2 Residency in Puchong

Is a highrise condo, 2400 sqf +-

It would be great if there is someone want to buy.. haha

Yes, finally work out a deal... looking for buyer and sell it ASAP...

so far, I can still pay the 1700 every month with tight my stomach and expenses very very much lo...

by the way, I have a question.... everything is with 2 person name including the title and all... but I wonder why those letter from Majilis Perbandaran is only addressed to him but without my name inside???

Is It normal???

There is like so call 10% discount from the developer during that time.. so in the S&P it only wrote 680k +- only also

Yes, thanks for the suggestions.. will do so

Is a highrise condo, X2 Property

Hmm..so it's a condo meaning you won't have the strata title yet. Then it's even more urgent that you need to continue servicing your loan and try to get a buyer ASAP.

Properties without title are considered as Loan Assignment Case auction & the bank does not need to go through the court for the auction. This type of auction will be conducted usually at the auctioneer's office or a special event at hotel etc. These events usually attracts many buyers as some of you here knows.

Don't jump for joy when you read it doesn't need to go through the court as the bank can usually dispose off property faster with this method. They can literally set the auction dates monthly & each time it's unsold, your property's reserve price should drop 10% until sold. When the price is low enough, that's when all the bees will gather in hope of getting a piece of the action (auction veterans should know what I'm talking about )

How fast the bank works also depend on which bank your loan is with? Mind telling me which bank?

HSBC

That's about the worst bank to get yourself in trouble with seriously.

My advise, service your loan regularly. You don't wanna mess with HSBC on auction matters. Once the instruction for auction is out, you'll have close to no chance of a reprieve. Unless of coz if you have tonnes of money.

This post has been edited by treblecase: Jan 23 2015, 10:28 AM

Ya.... What i mean is that the proj completed without any or only marginal appreciation??....

Anyway its out of your main concern....

Your prop is a high rise 2400sf....... If after completion also no appreciation.... its really better to sell off asap..... i can only say good luck.....

why it is bad to mess with HSBC???