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If Bank Lelong my house, what is the impact on me?
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TSxx_xx
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 Jan 21 2015, 06:04 PM, updated 11y ago
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New Member
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I currently own a house which is 50% - 50% share with my Ex for both Loan n S&P
Also, my Ex does not seems like tends to sell the house as I not sure what kind of trick is he playing. I have ask few salesman helps to sell off the house dy but now the market is so low and seems hardly get buyer...
no one is occupying the house and it is a new property....
And, I am not really affordable to pay for the house anymore as every month need to pay around 1800myr each person... so I wonder, if I refuse to make the payment, will bank lelong my house?
If yes, what is the impact on myself? I will be sue bankruptcy?
If being sue bankruptcy, again, what is the impact??
Hope that someone could help me on this!!!
Thanks!!!!
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TSxx_xx
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Jan 22 2015, 05:38 PM
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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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TSxx_xx
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Jan 23 2015, 09:49 AM
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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???
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TSxx_xx
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Jan 23 2015, 09:51 AM
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QUOTE(AppreciativeMan @ Jan 22 2015, 07:54 PM) 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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TSxx_xx
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 Jan 23 2015, 09:52 AM
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QUOTE(cfa28 @ Jan 22 2015, 05:48 PM) 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? Yes, thanks for the suggestions.. will do so Is a highrise condo, X2 Property |
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TSxx_xx
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Jan 23 2015, 10:21 AM
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HSBC
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TSxx_xx
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Jan 24 2015, 09:50 AM
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QUOTE(treblecase @ Jan 23 2015, 10:27 AM)  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. why it is bad to mess with HSBC???  |
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TSxx_xx
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Jan 24 2015, 09:53 AM
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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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TSxx_xx
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Feb 12 2015, 02:42 PM
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QUOTE(ManutdGiggs @ Jan 24 2015, 10:34 AM) How many name(s) in spa??? Billings usually onli direct to 1 correspondence add. Kenot send to both. everything is 2 names in... so mean that is normal for them to address only 1 people instead of 2??  |
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TSxx_xx
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Feb 12 2015, 02:43 PM
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QUOTE(Tigerr @ Jan 24 2015, 03:07 PM) Even with 10% discounts or rebates, S&P cant put 680k. If 680k, bank ll give loan 90% on the 680k. So I assume your s&p price is about 730-750k n u getting 90% loan + about 5% on misc put under the loan. 3 years down the road, if can sell 730k means not much appreciation...but puchong area mostly got 50% to 100% appreciation leh... The developer itself is now depreciate the price/sqf somemore... Last time I bought was RM3++/sqf, now their banner putting RM299/ sqf.....  |
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TSxx_xx
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Feb 12 2015, 03:44 PM
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QUOTE(treblecase @ Feb 12 2015, 03:06 PM) So, any update on your case? wait for the agent to get buyer... still keep paying the loan lo.. nothing can do much |
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TSxx_xx
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Feb 13 2015, 01:08 PM
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QUOTE(ManutdGiggs @ Feb 12 2015, 07:46 PM) Whichever coy or dept 'll Onli send out docs to one add to avoid conflict. I see.. Thanks  |
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TSxx_xx
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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. 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... |
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TSxx_xx
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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... |
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