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 Property Auction - Lawyer?, First time Auctioner

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airtawarian
post Jan 7 2017, 08:56 PM

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QUOTE(aaronoid @ Dec 24 2016, 08:40 AM)
Hey Guys,
I just won a property auction and upon winning I was told that I would not require a Property Lawyer for S&P but only the Loan. Is that true?

If so, what's the process like?

Sorry, first time buying a property from an auction.
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You need to do both for transfer of your property (MOT Form-14A). The SPA will be replaced by POS/COS

This post has been edited by airtawarian: Jan 7 2017, 08:57 PM
airtawarian
post Feb 11 2017, 06:06 PM

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QUOTE(isonic @ Feb 11 2017, 01:01 PM)
in that case, is it still need to pay stamp duty & legal fees of SPA to lawyer?

the total of legal fees for all is same as buying sub-sale?

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there is no SPA involved. Yes you need pay stamp duty & legal fees
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