Feb 21 2024, 11:16 AM
QUOTE(kucingsiber @ Feb 15 2024, 06:16 PM)
My case:
I have bid for this house back in October 2023. Upon signing my lawyer informed me this will be double transfer, even though I check in POS the strata title has yet to be issued (my bad i should've check with land office). Fast forward to after 90 days, my lawyer said still pending with auction bank's lawyer, they need to get their client's consent/instruction before proceeding. I don't understand why bank want to delay this part? I have been granted extension for additional 90 days until April 2024 without penalty but i'm getting restless with bank's delay. Appreciate your constructive advice.
Wow thats frustrating. I saw in iherng video.. one girl bought an auction property, there were delays.. in the end her parents stepped in and paid for the property in cash while awaiting bank loan.I have bid for this house back in October 2023. Upon signing my lawyer informed me this will be double transfer, even though I check in POS the strata title has yet to be issued (my bad i should've check with land office). Fast forward to after 90 days, my lawyer said still pending with auction bank's lawyer, they need to get their client's consent/instruction before proceeding. I don't understand why bank want to delay this part? I have been granted extension for additional 90 days until April 2024 without penalty but i'm getting restless with bank's delay. Appreciate your constructive advice.
Are you also heading in that direction? eg will be forced to pay for whole property first while waiting for bank to proceed with the loan? That would give me sleepless nights
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