For non bumi lot but owner is bumi, is there any problem for non bumi to bid for the unit?

For non bumi lot but owner is bumi, is there any problem for non bumi to bid for the unit?

Some said if auction by high court, then bumi lot is ok to buy for non bumi. But hearsay only, i am not sure how true is it, as the money is your own money, better check with lawyar and lelong agent before bidding

That is some cases the auction unit reauction in next few months, as non bumi bidder successful bid from bank auction but they do not realize it is bumi lot. In the end, the bidder forfeit the deposit.

Unless the bumi lot is extremely low price, if not i rather buy from subsales than auction unit.

Then why the non bumi is allowed to bid at first point ?

And if transfer tak boleh happen, shudnt the deposit be refunded ?

If the second highest bidder was a bumi, then the non bumi has denied the bank from selling to the bumi.

If the deposit is to be refunded, who will pay for the cost of conduction the auction  ? Charged it to the loan borrower defaulter ?

Is bidder responsibility to know what he is bidding from the POS.

Auctioneer shud be charged and sue for allowing such bidder to be regostered, knowing it is cannot be done, but still blindly process it, somemore as a professional body..

Auctioneer shud be charged and sue for allowing such bidder to be regostered, knowing it is cannot be done, but still blindly process it, somemore as a professional body..

Here's what I do before I bid;

1. Google around for auction properties.
2. Get the Proclamation of Sale. Read terms esp on who pays the outstanding maintenance fees, quit rent, assessment fees etc.
3. Site visit. Estimate for repairs. If owner stays at the property, cancel and go back to step 1. Get a copy of utility bills for checking.
4. Do title search at land office. Can skip this if master title. If got private caveat by individual then go back to step 1.
5. Go for bidding with a set budget (always below bank valuation).
6. Win - sign contract; lose - return to step 1.

Sorry for replying to 8 years old message,

But how do I check for another person's condo unit electric/water bill?
For the maintenance fee I assume I can just walk in and ask the management office? 

Electricity bill is under tnb, so you have to approach the utility co.

As for water, it depends if is under bulk meter or Air Sgor, Bulk will be under mgmt, otherwise will be under Air Sgor, then approach the utility co.

You need to show the POS before the utility co or condo mgmt will let you know, otherwise they won't tell anything. Furthermore, you also need to know the name and nric of the account holder for them to check, which is mentioned in the POS.

Is it true you can change TNB name without settling for the unpaid bills?
Is is the same for indah water in KL?

Also in case of units with outstanding bills and fees, do they have to be paid in lump sum or can be paid in installments?

Is it true you can change TNB name without settling for the unpaid bills?
Is is the same for indah water in KL?

Also in case of units with outstanding bills and fees, do they have to be paid in lump sum or can be paid in installments?

Don't think with outstanding bills can change name...

Need to settle it them all first before proceed.... If I remember correctly

can change with tenancy, old bill under old tenant

It is around rm4k.
It is not strata development. The title is individual title.
They name it management fee in the outstanding bill but to me it is Security fee.
Thanks.
Is there any avenue I can bring this to higher authority?
I called up local council and they said should bring this up to Tribunal Perumahan. I think Tribunal perumahan is based on Strata Management Act which my unit may not be covered.

Is it true you can change TNB name without settling for the unpaid bills?
Is is the same for indah water in KL?

Also in case of units with outstanding bills and fees, do they have to be paid in lump sum or can be paid in installments?

No point arguing with those idiots. By right you need not have to pay any arrears from the previous owner, especially when the property is with an individual title.

Just suck it up and settle it if its affordable and a small amount.

Fix up the house, make it look nice and then sell it off for a profit.

Hi, i bought an auction unit before with 8k TNB outstanding. Crazy af, i know. Somehow the guy pays off the technician or something, to avoid his tnb being cut off.

Long story short, i manage to change TNB to my name without clearing off the previous bill. Just show them my DOA, said im applying for a new unit, and can settle dy. Different case with indah water/air selangor where u cant create a new account without clearing the previous bill.

Maybe its just my case, i dont know.

But i have bought 3 auctions units so far, none have i ever paid for the previous TNB outstanding.

Hi all, I joined my second auction after this event. Won it at reserved price, 4th round auction for the unit. 

Anyway the first thing I was very worried about was adhering to the 90-day timeline to complete the payment. Auction bank was PBB, and I used MBB loan.

So I asked my lawyer to provide a timeline how to achieve this. This was what was given.

14 working days for the developer to revert on the direct transfer
7 working days to comply to the developer request
14 working days for the developer to execute the MOT to transfer to you
14-21 working days for leasehold consent
7-14 working days for your loan execution depending on bank
7 working days to stamp your loan agreement and lodge caveat on bank's behalf
7 working days to advise and disbursement

My property is leasehold, bumi lot, in KL & developer agreed to do direct transfer. So your miles may vary.

In overall, we managed to complete loan disbursement within 68 calendar days. (could've been earlier if I didn't take 1 week to decide which bank to sign for my loan)

I created a whatsapp group with the law firm and followed up the progress diligently every week. Hope this helps for others who plan to join auctions.