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Investment 5 Strangers Purchase a 700k property, Is it feasible?

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juicyliana
post May 9 2016, 05:13 PM

when u think juicy, think liana
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746 posts

Joined: Aug 2011
From: Lowyat.net
last time i wanted to buy a house from a lady. the house have 2 names, the seller and her friend.

her friend demanded that the seller give her the share of her money upfront and she will only sign the S&P. the seller don't have that amount of money upfront and asked me to give her the money in advance before signing the S&P.

i disagree that money shouldn't be transacted unless the S&P is signed.

The deal was called off.

even buying a house with 2 names can cause problem. what more 5 names?

This post has been edited by juicyliana: May 9 2016, 05:13 PM

 

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