Oct 11 2015, 10:10 AM
QUOTE(chee yat @ Oct 11 2015, 08:00 AM)
Yesterday i went to bank and ask for the procedure of clearing off all the outstanding loan amount.
The banker told me that, i do need to pay a fee for them to get third party to check on all the outstanding amount.
Besides that, i do need to hire a lawyer to settle on the documentation.
Is all this true?
Can someone advice on the real settlement loan procedure?
*Appreciate on the kind assist & feedback~
I have not heard of "third party fee" for redeeming a loan.The banker told me that, i do need to pay a fee for them to get third party to check on all the outstanding amount.
Besides that, i do need to hire a lawyer to settle on the documentation.
Is all this true?
Can someone advice on the real settlement loan procedure?
*Appreciate on the kind assist & feedback~
Be guided by the loan agreement that you signed with the bank -the terms & conditions for redeeming the loan will be stated inside with regards
to penalty, fees etc..
Yes, you need to hire a lawyer (use the original loan lawyer to do it to save fees) as they wl need to reassign all rights to the property to you
for one..
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