Tell the agent the bank insist the strata title copy.
Booked a subsale unit but no strata title, HELP!
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 Jul 23 2020, 11:35 AM
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#21
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14,511 posts Joined: Sep 2017 
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Jul 23 2020, 12:01 PM
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All Stars
21,962 posts Joined: Dec 2004 From: KL  
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QUOTE(rebecca_choo @ Jul 23 2020, 11:27 AM) 18 months? oh my... Doesnt matter liquidator or developer, they both will ask for fee So that also means that the loan disbursement will be delayed to the seller? Else seller will benefit from this and I would have to wait until the title is perfected.. The agent is insisting that the lawyer will deal with all this (she basically wants my loan to be approved!) However, I did my own R&D and seems that I can't find any info on the developer.. they've been around since 1980 and I doubt they are still around.. that means that the title issue had to be done by a liquidator Agreed, but as of now, I can't find any info on the developer.. so chances are, they've already went kaput and this title transfer issue had to be done by a liquidator...   QUOTE(mini orchard @ Jul 23 2020, 11:35 AM) Tell the agent the bank insist the strata title copy. I think better tell lawyer to insist for it better right? infact put the requirement in S&P better yet. |
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Jul 23 2020, 01:26 PM
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#23
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14,511 posts Joined: Sep 2017
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QUOTE(WaCKy-Angel @ Jul 23 2020, 12:01 PM) Doesnt matter liquidator or developer, they both will ask for fee For developer's or liquidator's consent, fee borne by seller.I think better tell lawyer to insist for it better right? infact put the requirement in S&P better yet. I wont want to reach SnP stage for the strata title. Is either have it or no before loan approval. |
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