Hi all, I would like to seek some advice regarding public tender houses with registered caveat.
Am I eligible to apply loan upon successful bidding?
Let's Talk Properties. The Q&As, What would you like to know?
|
|
 Mar 30 2021, 02:27 PM
Return to original view | Post
#1
|
 
Junior Member
64 posts Joined: May 2014  
|
|
Quote|
|
Mar 31 2021, 09:05 AM
Return to original view | Post
#2
|
|
Junior Member
64 posts Joined: May 2014
|
QUOTE(YeohKW @ Mar 30 2021, 06:25 PM) Hi. I suggest you try asking an auctioneer on this matter to get a more accurate information. I’m sorry I, unable to answer this as it’s not my forte.  QUOTE(mini orchard @ Mar 31 2021, 06:35 AM) You must find out the reason for the caveat. If it cant be removed, then dont tender. Ok thank you for the info. Currently the house has been foreclosure sale auctioned by bank, but I can see from the POS there is a registra caveat lodged.Banks dont approve loan if the title is not 'clean'. Even if is approved by mistake, normally the banks want the caveat to be removed b4 loan is disbursed. Or are you referring to a charged by the bank ? Is different. If that is the case high chances that I could not apply loan and make full payment hence my bank draft 10% deposit will be forfeited by bank. |
| Change to: |  0.0126sec
 0.74
 7 queries
 GZIP Disabled
Time is now: 2nd December 2025 - 11:07 AM |
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Powered by Invision Power Board © 2025 IPS, Inc.