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 how long shuold i wait after sign S&P, 2nd hand house...

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leongal
post Oct 26 2009, 09:00 PM

~I have a new mission in life~
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From: A place called "home"


If I have a broker that handle my case (loan and lawyer), should I be the one following up with the lawyer? Or, should I be following up with the broker?

I found useful information here:

QUOTE
http://bicaralegal.blogspot.com/2008/10/buying-property-how-long-does-it-takes.html

I guess no lawyers can guarantee how long will it takes for the transfer of name on the property to be completed, from the date of signing of the S&P. A lot of contributing factors to be considered:-

    * how long does it takes for your lawyer to prepare the s&p?
    * how long does it takes for the bank to issue instruction to their solicitor to prepare loan documents?
    * how long does it takes for the developer to issue notice of confirmation? - if applicable
    * how long does it takes for the land office to issue their consent? - if applicable
    * how long does it takes for the current bank to issue redemption statement?
    * how long does it takes for the assessment notice to be issued by LHDN?
    * how long does it takes for the new bank to release redemption sum?
    * how long does it takes for the current bank to release original title/ discharge of charge/ duplicate charge/ receipt & reassignment?
    * how long does it takes for the land office to register the MOT?
    * how long does it takes for the new bank to release the balance payment?


This post has been edited by leongal: Oct 26 2009, 09:22 PM
leongal
post Nov 1 2009, 08:07 AM

~I have a new mission in life~
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QUOTE(CJ Teo @ Nov 1 2009, 01:07 AM)
huh.. you guys are really scared me ler..

Am totally new in this.
I have just paid the booking fee.
And who to tell me what the next?
It's leasehold...
*
look for a lawyer and look for a loan...do and settle tis within 14 days
leongal
post Feb 1 2010, 01:24 PM

~I have a new mission in life~
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QUOTE(PrinceMickey @ Feb 1 2010, 01:19 PM)
Thanks for the info. smile.gif
The 3 months after signed s&p are included weekend or holidays if any?
Thanks.
*
weekends added, but public holiday not added....

check ur s&p, it is stated there

This post has been edited by leongal: Feb 1 2010, 01:24 PM
leongal
post Feb 2 2010, 10:57 AM

~I have a new mission in life~
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Senior Member
3,188 posts

Joined: Jul 2007
From: A place called "home"


QUOTE(PrinceMickey @ Feb 1 2010, 01:29 PM)
hi leongal, thanks a lot. smile.gif
*
hei....ask your lawyer to do the chronology of events, sometimes it may be the seller's part that delay the whole thing....

also.....the charges will be the outstanding loan amount....

 

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