Jul 24 2023, 12:28 AM
QUOTE(stephen84 @ Jul 19 2023, 03:15 PM)
Hi, I have questions about lelong.. can anyone guru enlighten me? Thanks
1. Tnb and water is under the name of the default owner . I was told that since they are under the name of the default owner, bidder need not to settle the outstanding bill. Is it true ?
2. If the property is just VP. Will there be any outstanding payment to the developer which needs to be borne by the bidder ?
Thanks for your reply.
1. read the proclamation of sale1. Tnb and water is under the name of the default owner . I was told that since they are under the name of the default owner, bidder need not to settle the outstanding bill. Is it true ?
2. If the property is just VP. Will there be any outstanding payment to the developer which needs to be borne by the bidder ?
Thanks for your reply.
2. read the proclamation of sale
not all are same.
most bank will cover maintenance charges, quit rent & assessment but not utilities (eg tnb water IWK)
but read the proclamation of sale the answer is in there.
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