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

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AppreciativeMan
post Jan 22 2015, 07:54 PM

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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.

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...
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Errrhh..... loan amt 680k (presume 90%)..... means u bought the prop at ard 755k 3 yrs back..... now after completion selling at 730k??? blink.gif blink.gif blink.gif
AppreciativeMan
post Jan 23 2015, 10:39 AM

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QUOTE(xx_xx @ Jan 23 2015, 09:51 AM)
There is like so call 10% discount from the developer during that time.. so in the S&P it only wrote 680k +- only also
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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.....

 

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