QUOTE(AskarPerang @ Aug 14 2020, 01:03 PM)
Cxxpxxsxxion okay censored.#compress victim?
Loan Compression, For Property Loan
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Aug 14 2020, 02:22 PM
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Junior Member
428 posts Joined: Aug 2018 |
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Aug 14 2020, 03:01 PM
Show posts by this member only | IPv6 | Post
#1002
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All Stars
20,792 posts Joined: Jul 2012 |
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Aug 14 2020, 03:02 PM
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Junior Member
428 posts Joined: Aug 2018 |
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Sep 6 2020, 12:01 AM
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All Stars
23,136 posts Joined: Aug 2007 From: Outer Space |
3 lelong unit check in. All coming from the same owner. All from different banks.
In fact, this owner got 5 units total here. Another 2 units: B-15-12 and B-08-09 probably will appear here in lelong soon as well. Example of compress loan / multiple loan submission. |
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Sep 6 2020, 02:16 PM
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Junior Member
368 posts Joined: Nov 2007 |
Just wonder, those people property under lelong, they still able to buy property in the future? I doubt so, right? Their name forever blacklisted from financial institutions, right?
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Sep 6 2020, 03:21 PM
Show posts by this member only | IPv6 | Post
#1006
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All Stars
13,913 posts Joined: Sep 2017 |
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Sep 6 2020, 04:00 PM
Show posts by this member only | IPv6 | Post
#1007
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Junior Member
120 posts Joined: Jul 2020 |
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Sep 6 2020, 04:54 PM
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All Stars
20,792 posts Joined: Jul 2012 |
QUOTE(Allout20 @ Sep 6 2020, 04:00 PM) So called poorperly guru only taught how to buy and borrow not how to repay loan.This post has been edited by icemanfx: Sep 6 2020, 05:16 PM SongChiang and nookie188 liked this post
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Sep 6 2020, 09:17 PM
Show posts by this member only | IPv6 | Post
#1009
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Junior Member
990 posts Joined: Jun 2019 |
Bankruptcy will kick in once overall debt exceeding MYR 100K which was recently increased from MYR 50K previously.
QUOTE(lionking7791 @ Sep 6 2020, 02:16 PM) |
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Sep 7 2020, 05:58 AM
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Junior Member
200 posts Joined: May 2011 |
QUOTE(icemanfx @ Sep 6 2020, 04:54 PM) I think not many people realise these property guru own sh!t. They earn from commision and talks. Often paid by developer to sell project. But then there are more than enough fools out there for these vultures to prey on nookie188 liked this post
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Sep 7 2020, 11:01 AM
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Senior Member
1,541 posts Joined: Jan 2003 |
mayb we'll see more in december later
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Sep 9 2020, 06:29 PM
Show posts by this member only | IPv6 | Post
#1012
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Probation
10 posts Joined: Jun 2019 |
Hi all, would like to get yours advise.
Before MCO, I applied for home loan for house purchase. Loan approved, signed the LO, signed the s&p, but I did not sign the Loan Agreement yet till now (Loan was approved on March, right before MCO, while there was also some delay in Loan Agreement preparation between Bank and lawyer side) And now, I have decided to postpone my house purchase simply because it's bad timing for house purchase and thinking to wait and see the market, so, I proceed to revoke the s&p, of course, my booking fees burned. My question here is, I recently checked my Ctos report and found that the Approved loan with A status is still appeared in my report, will this affect my housing loan application again if I intend to buy the house in near future, say in few months time. Will banks treat this as compress loan? Appreciate yours kind advise. |
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Sep 9 2020, 08:43 PM
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Junior Member
445 posts Joined: Aug 2018 |
QUOTE(syeek @ Sep 9 2020, 06:29 PM) Hi all, would like to get yours advise. Compressed loans will only be treated when you apply multiple loans before it is reflected in your ctos record.Before MCO, I applied for home loan for house purchase. Loan approved, signed the LO, signed the s&p, but I did not sign the Loan Agreement yet till now (Loan was approved on March, right before MCO, while there was also some delay in Loan Agreement preparation between Bank and lawyer side) And now, I have decided to postpone my house purchase simply because it's bad timing for house purchase and thinking to wait and see the market, so, I proceed to revoke the s&p, of course, my booking fees burned. My question here is, I recently checked my Ctos report and found that the Approved loan with A status is still appeared in my report, will this affect my housing loan application again if I intend to buy the house in near future, say in few months time. Will banks treat this as compress loan? Appreciate yours kind advise. And yes, the record of your approved loan will still be in your report. Whether it affects your borrowing capacity will depend on the individual loan officers. |
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Sep 9 2020, 09:01 PM
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Junior Member
56 posts Joined: Mar 2006 |
QUOTE(syeek @ Sep 9 2020, 06:29 PM) Hi all, would like to get yours advise. You signed the SnP...how to back out ?Before MCO, I applied for home loan for house purchase. Loan approved, signed the LO, signed the s&p, but I did not sign the Loan Agreement yet till now (Loan was approved on March, right before MCO, while there was also some delay in Loan Agreement preparation between Bank and lawyer side) And now, I have decided to postpone my house purchase simply because it's bad timing for house purchase and thinking to wait and see the market, so, I proceed to revoke the s&p, of course, my booking fees burned. My question here is, I recently checked my Ctos report and found that the Approved loan with A status is still appeared in my report, will this affect my housing loan application again if I intend to buy the house in near future, say in few months time. Will banks treat this as compress loan? Appreciate yours kind advise. |
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Sep 9 2020, 09:10 PM
Show posts by this member only | IPv6 | Post
#1015
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Probation
10 posts Joined: Jun 2019 |
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Sep 9 2020, 09:12 PM
Show posts by this member only | IPv6 | Post
#1016
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Probation
10 posts Joined: Jun 2019 |
QUOTE(Liamness @ Sep 9 2020, 08:43 PM) Compressed loans will only be treated when you apply multiple loans before it is reflected in your ctos record. Thank you! It will takes many years to get this record removed?And yes, the record of your approved loan will still be in your report. Whether it affects your borrowing capacity will depend on the individual loan officers. |
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Sep 9 2020, 10:00 PM
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Junior Member
445 posts Joined: Aug 2018 |
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Sep 10 2020, 02:22 PM
Show posts by this member only | IPv6 | Post
#1018
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Probation
10 posts Joined: Jun 2019 |
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Sep 23 2020, 08:23 AM
Show posts by this member only | IPv6 | Post
#1019
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All Stars
23,136 posts Joined: Aug 2007 From: Outer Space |
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Oct 9 2020, 01:58 PM
Show posts by this member only | IPv6 | Post
#1020
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Senior Member
1,831 posts Joined: Feb 2016 |
Thanks to compressors, our lelong market is back alive!
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