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 Need to sign S&P before loan approved?

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lysiew
post Apr 7 2021, 11:33 PM

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most of the case will be sign LO first then only sign SPA

and some developer impose 21 days from booking date to sign SPA after loan approval (as i know at least few developers have this practice), normally will state clearly in their sales form or offer letter and your agent shall well-informed you on this; but so far i didn't come across 14 days must loan approval developer as bank processing need some time.

then in some rare case i do heard about due to HOC expiring soon, and the unit need time for some processing before stamping and need to sign within 7 days; which last time towards end of HOC do heard about this things happening

This post has been edited by lysiew: Apr 7 2021, 11:34 PM

 

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