Hi guys, need some urgent advice. Got a lawyer letter 'Notice of Termination of License and Notice to Vacate' for my sovo unit which is still under a loan. I have been late 2-3 months on my loan.

Have called the bank and they said they'll get their collection department to call me back. But there's a part of the letter that's freaking me out. "You are now required to hand over to our client vacant possession of the said property within seven days from the date of thereof"

Question is, is this letter the final say? Can I still make some payment towards the loan so the property is not repossesed by the bank? Any input by those that have gone through this appreciated.

just pay first, bank aso wan money only. SDU meh letter out straight attack

from the message it seems like already got lelong and sold by the bank.
what is the address? you may PM me to check whether is listed on the lelong market before.

Hopefully that's the case. But I think can only pay 1 or 2 months first, am unable to pay off all yet.

So fast?? Letter is dated 30/6/23. Only received it in the mailbox today.
I thought lelong doesn't reveal the address? How do you find out if it's on lelong already?

Lelong unit will show the full address.

I guess in the next few months, the buyer will approach you. At the end of the day, the buyer will need to contact you to gain entry to a still occupied unit.

Wouldn’t the bank have sent a copy of the POS to the house also ?

Yeah, they would have. Anyways, have gotten in touch with the bank. Turns out my flexi loan account was disconnected from my savings account which usually auto transfers to it when I bank in. So when it got over 3 months, it triggered the bank's legal action. Am currently slowly banking in back the balance amounts.

Hmmm... you seem to have a vested interested in seeing my unit being lelong-ed. You're a lelong bookie eh? Thanks for all your scare mongering replies.