Anyone able to sell Rumawip ?

May i know the 10 years is count from VP date or SPA signing date?

i heard some people managed to sell it with the approval from DBKL, how to do it ?

i saw some lelong unit , should i stop paying loan installment and let my unit lelong by Bank? will i get back some money that i had paid ?

The damage from having your credit worthy damaged permanently are too great to consider even and no guarantee your unit will be able to fetch final bid price above your outstanding loan sum.

Lelong? you still want money back?

You should be happy if your unit is lelong more or less the same price like what the bank loan you (you still need to cover for the legal cost, lelong cost etc etc + interests).

If your unit sells below your lending amount... top up payment will be needed too.

did u buy the rumawip house for reselling purpose?

depending on which rumawip u having right now... not all rumawip able to lelong at your price or above... some laubeh ones sold at below purchase price

Lelong is like the final option for owners that cannot pay instalment and the consequences are so great that I don't think worth it.

Also, if you check rumawip lelong units now, you will see they are not worth the initial selling price so bank will convert the difference into term loan and you still have to pay it.

Conclusion, banks are smarter than buyers miles ahead. Contact a banker to know more.

Must be absurdly stupid to resell rumawip through lelong.

Wow......superinvestor some more the name.

If you're willing to damage your credit score by auctioning off your property, potentially and most likely taking years to recover your credit score, and possibly costing you more in the future due to your low credit score (loan eligibility, interest rate offered, margin), sure go ahead.

You're better off renting the the unit at a lost, then damaging your credit score that took years to build.

for own stay. but found out the house is not comfortable to stay. want rent out also less people want it. overall, it is a bad purchase. So, i need to cut loss now. If hold another 10 years, i might lose even more.

Got few rumahwip sold at way above launching price in the lelong market.
1. Gurneymas 198k sold at 292k.
2. Lanai 300k sold at 426k.
3. DNuri 300k sold at 372k.

But got also few rumahwip sold in lelong at below launching price or just slightly above launch price. Such as Pandanmas 1 and 2, Skyawani 1 and 2, Hijauan Lumayan.

If got excess amount, there is no guarantee the defaulter owner will get the excess money. Maybe DBKL or KPKT or relevant agency will claim the money.

Anyway, yes by purposely not paying the monthly loan instalment so that the bank will auction your unit is one method to dispose the property. If you don’t care about your future credit profile.

As long as you do not owe money and not bankrupt, the CCRIS will be clean in one year. Of course, the said bank still have ur record but there are another 10 banks for you.

Didnt advocate this method as rumahwip is strictly for own stay and rental. Flip at your own risk...

Depends on how many ppl attending the lelong session.. Unless u arrange ur own hantu

Which Rumawip?

Professional investors will know what to do....

i believe u can sell ur house via lelong without needing to defaults installment

just go ask any auctioneer to auction

Which rumawip rental cannot cover installment ?

if rental not good means no point lelong it, you will kena heavier loss than u expected... lol... those rumawip which have good pricing in lelong are mostly performing well in rental market... it correlated de

Like, 95% of them?

rumawip is selling below market price. If 95% of rumawip rental cannot cover installment, the open market die very long time ago le...

Assuming a 300k rumawip with 1200 monthly installment, it will not be hard to rent it at 800 at least to cover the bank interest.