Nice thread. Can I request listing around Sri Permaisuri / Bandar Tun Razak / Pandan?
Others Recommended listing of property auction / lelong!, all info you need to know inside......
Others Recommended listing of property auction / lelong!, all info you need to know inside......
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Jan 4 2019, 03:51 PM
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108 posts Joined: Oct 2018 |
Nice thread. Can I request listing around Sri Permaisuri / Bandar Tun Razak / Pandan?
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Jan 25 2019, 10:10 AM
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QUOTE(AskarPerang @ Jan 24 2019, 07:12 PM) For understanding, But master title is harder to get loan approved by bank though?First owner = Owner that default paying the bank and property kena lelong Second owner = Buyer who win the lelong unit Double transfer happen when: - Individual strata title issued but the first owner did not settle the strata transfer process. - Second owner won the lelong unit. - Depending on developer. Some developer allow direct transfer. Then is good. If not allow, then: - Need to settle the transfer from developer to first owner first. Lawyer and stamp duty need to pay by the buyer (second owner). - After that another name transfer from first owner to second owner. Another time payment of lawyer and stamp duty fees. - Plus consent from authority if for leasehold property will take 3 to 6 months time per transfer. So double transfer may take up to 1 year long duration. So need to ask for extension. If kena penalty by the auction bank, will end up paying (up to 10% pa) late payment interest until the process settle. So conclusion, it is still better to just buy a property that is still under master title as long as it is still faily new. Less than 5 years completed. To avoid the headache as above. |
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