Jul 2 2016, 11:08 AM
QUOTE(alchmiya @ Jul 2 2016, 10:52 AM)
Say in a subsale property transaction involving cash buy, for the balance purchase price of 90%, the cheque is issued to purchaser's laywer, seller's lawyer or seller?
If the 90% is issued to either lawyer, will there be a risk the lawyer close the firm, declare bankruptcy and run away with the money?
What if the 90% is issued to seller's name? Is that safer or is there any other risk?
Normally lawyer firm is trustable. In case lawyer firm lari your money,can complain to malaysia bar council,bar council will compensate u. But u need to make sure the lawyer form is registered under malaysia bar council.If the 90% is issued to either lawyer, will there be a risk the lawyer close the firm, declare bankruptcy and run away with the money?
What if the 90% is issued to seller's name? Is that safer or is there any other risk?
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