Mate - land search will have details of the caveat including type, name of the person who entered the caveat and his or her interest in the property in which he/she has placed the caveat

parking n learning from all dai kor here...

Latest reserve price actually drop to 504k now. Possible to drop further 10% each round if nobody interested.

If the borrower had let go at outstanding loan amount in subsale, his losses would be limited. Bank will recover shortfall from him, not sure how he is going to live to fullest.

This post has been edited by icemanfx: Aug 29 2019, 03:10 AM

I think he cant sell even at loan amt due to location problem, pub & brothels. Puchong seems like a lot this kind od business with extra services. Pity him

Mean current market value is significantly lower than $620k purchase price.

This post has been edited by icemanfx: Aug 29 2019, 06:07 PM

Maybank sees another 25 bps OPR cut before year end.

BNM meetings this year on Sept 12 and Nov 5.

So 99% BNM is going to cut another 0.25% on Sept 12.

Faster place your bet while price still low.

Bet could goes either way. Opr cut mean outlook is negative. Believe collateral damage from u.s-trade war could overwhelmed any loan interest payment.

This post has been edited by icemanfx: Aug 29 2019, 06:35 PM

He is going to be shafted kaw kaw. Auctioneers fees, valuer and most killing is the lawyers fees. Banks have no mercy - trust me. I bought an auction unit and accidentally got to view the banks solicitors fees- I fell of my chair. Poor borrower left with so little money.

It is high time that the solicitors remuneration order with regards to conveyancing fees is abolished. It should be a free and competitive market. Conveyancing is generally a clerks or technicians job. The fee scale in malaysia is exorbitant. It shouldn’t be tied to the value of the property.

In foreclosure proceeding, bank get to recover legal fees from borrower, they don't bother to control. It is lawyer that is taking advantages.

Most novice and wannabe have no idea what will incur at foreclosure proceeding, trying to push their luck to sell at market value until very last moment instead of cut losses.

This post has been edited by icemanfx: Aug 31 2019, 06:58 PM

He is not newbies, he has a lot of properties by 35 year old

If his other properties are still on bank loan could cause a cross default.

Ya probably stabilise at 4%

Source: https://www.thestar.com.my/metro/metro-news...l-ibs-treatment

Launch at 42k rumah selangorku sold in the lelong market today.
Ground floor unit.
Non bumi lot.
Brand new condition.

Attracted 32 bidders just now.
Here the final price:

what the.... the ex owner must be laughing til to the bank. maybe purposely lelong it

Actually shouldn't these highly subsidised houses be sold back to govt.?

Wow never know that illegal activities could affect you as property owner.

Totally not worth it, emotional bidding

This post has been edited by ahkit123: Sep 4 2019, 06:55 PM

Owner occupied unit. Revealed during auction time when owner attended the auction and ask ppl not to bid.
But no point. It is too late.
Sold at 324k. Good catch but the new buyer will have to deal with chasing out the owner.

Same story?