When purchasing a property from a developer, we are required to sign LO from the bank followed by signing SPA. What happens to the loan if SPA was not signed ?
Loans LO and SPA, LO and SPA
|
|
 Sep 13 2019, 08:59 AM, updated 7y ago
Show posts by this member only | Post
#1
|
 
Probation
1 posts Joined: Sep 2019 
|
|
Quote|
|
Sep 13 2019, 09:01 AM
Show posts by this member only | IPv6 | Post
#2
|
Senior Member
1,159 posts Joined: Mar 2019
|
Both are co related. U need to sign both and MOC documents too.
|
|
|
Sep 13 2019, 01:39 PM
Show posts by this member only | Post
#3
|
Junior Member
418 posts Joined: Jan 2019
|
QUOTE(Chicachica44 @ Sep 13 2019, 08:59 AM) When purchasing a property from a developer, we are required to sign LO from the bank followed by signing SPA. What happens to the loan if SPA was not signed ? If not signed, then you need to cancel the facilities from the bank. They will charge a processing fee. You can let it sit there, but next time you make a loan you have to cancel it because it blocks your loan ability. |
| Change to: |  0.0144sec
 0.56
 5 queries
 GZIP Disabled
Time is now: 10th December 2025 - 07:16 AM |
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Powered by Invision Power Board © 2025 IPS, Inc.