So, I am looking at an auction property right now.

The property has a bank caveat. not personal caveat.

Does this mean I can savely purchase the house?
if auction over, bank caveat automatically lifted?


some say caveat need to purchase cash, cannot get housing loan.
This the case for both personal caveat or bank and personal caveat also same?

This post has been edited by Porkycorgi5588: Jul 26 2025, 08:28 PM

If you are asking these questions...means you are not prepared for auction

Ppl dont know thats why they ask. U need to go around putting down ppl who took the courage to ask? Why?

typical old fag mentality lo.

sendiri dont have answer, then give sohai answer to make oneself look smarter and belittle others

How many bank caveats? If it is the same bank that placed placed the property for lelong, then suggest you check with that bank first. I've encountered a property that has multiple bank caveats. My lawyer said cannot proceed.

This post has been edited by yeeck: Jul 26 2025, 09:15 PM

You didn't engage agent?
I too have been contemplating buying an auction property but totally clueless, so may get an agent that specialises in auction to help.

Are you sure is a caveat and not a Charge ?

Which is the foreclosure bank and which bank lodge the caveat ?

If you want better advise, upload the title search report here. You can blank out owner's details. Just want to read the 'caveat'

The foreclosure bank has the first right to the property being auction followed by the bank caveat.

The auctioned price will go towards settling the outstanding loan and if insufficient (in most cases), then the foreclosure bank will sue the borrower for the remaining and cancel the Charge so the bidder will get title to the property. This is without caveat.

The second bank caveat gets nothing, so they won't lift the caveat unless whatever money owed is settled. Meaning, the bidder must pay above the auction price to get title to the property.

This post has been edited by mini orchard: Jul 26 2025, 09:55 PM

If lodge by the same auction bank, its fine.
If multiple banks then problem unless cash purchase.
Ask for the Proclamation of Sales (POS) and engage agent.

This guy does almost all auction(s) and his services are paid by the auctioning bank. You dont pay him anything.
https://www.facebook.com/banklelong123

Why would the same bank lodged a caveat ?

same bank.

single bank

This post has been edited by Porkycorgi5588: Jul 26 2025, 10:36 PM

Where? How much starting bid?

750k, residential. klang

this title search for current caveat
owner name removed.

My agent said if same bank lodge caveat means the owner refinance.

The caveat was lodged only few days ago.

The charged is oredi a good hold on the property.

When is the POS dated and the auction date ?

Surrounding market value how much?

auction date is 30 days from now.
i first got POS from my property agent 19th july.



what do you mean good hold on the property?

hear say this sohai not in country anymore.
I assume jump aeroplane.

but, you not yet complete your mortgage, can refinance? pre-2020, house was owned by another person.
meaning, this guy probably bought during COVID lows.

A chargee (auction bank) get preference over others.

Not sure why would the same bank refinance the same property when it is going into foreclosure as mentioned by another forumer's agent.

Learning something new today.

This post has been edited by mini orchard: Jul 26 2025, 11:38 PM

The chargee (auction bank) get preference over others to buy the house that it itself is auctioning?