Aug 26 2017, 09:08 AM
QUOTE(phra09 @ Aug 25 2017, 09:24 PM)
Hi all,
Recently i book to purchase a subsale property and paid booking deposit.
After much hassle and delay here and there, finally i got the temp title, land search along with my docs to submit the loan.
however, when i submit the loan to bank, they found out few problems:
1) developer already bankrupt, now new developer took over. Strata still under developer name.
2) management office still owe quit rent about 3k plus
3) current owner have legal case about 10 years back, but not sure case drop or not.
few bankers recommended by the agent even told me don't go for this property due to a lot issue.
when i confronted to the agent, he keep telling me this is small issue only (as usual?)
hence, seek advise from expert here, is this really small issue? if i get this property, will it have any future issue?
apologies in advance as this is my first property and im quite lost.
he said the owner will pay the fee for strata to change to my name.
at the moment, pbb already rejected me. and which i believe mbb will reject too (hopefully)
im only afraid on my deposit unless 2 bank rejected me...
don't think you will be able to get yr loan approved as there are too many red flags for the banks..Recently i book to purchase a subsale property and paid booking deposit.
After much hassle and delay here and there, finally i got the temp title, land search along with my docs to submit the loan.
however, when i submit the loan to bank, they found out few problems:
1) developer already bankrupt, now new developer took over. Strata still under developer name.
2) management office still owe quit rent about 3k plus
3) current owner have legal case about 10 years back, but not sure case drop or not.
few bankers recommended by the agent even told me don't go for this property due to a lot issue.
when i confronted to the agent, he keep telling me this is small issue only (as usual?)
hence, seek advise from expert here, is this really small issue? if i get this property, will it have any future issue?
apologies in advance as this is my first property and im quite lost.
he said the owner will pay the fee for strata to change to my name.
at the moment, pbb already rejected me. and which i believe mbb will reject too (hopefully)
im only afraid on my deposit unless 2 bank rejected me...
if I were you, I will cancel..Dont listen to the agent, most of them just want to sell , collect comm and run..you die your problem.
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