Mar 26 2009, 07:40 PM
QUOTE(Pai @ Mar 26 2009, 06:54 PM)
You'll face two problems if u decide to proceed :
1. MOF will be significantly lower as its tenure left with only 70 years. Very unlikely to get 90% MOF.
2. Selling it later will be a problem coz many banks wont finance it (this is major bank's policy AS OF TODAY)
I definitely wouldnt go for this
Pai is right, you may have problem when selling it later. even yes, most probably you cant sell it at your desirable rate.1. MOF will be significantly lower as its tenure left with only 70 years. Very unlikely to get 90% MOF.
2. Selling it later will be a problem coz many banks wont finance it (this is major bank's policy AS OF TODAY)
I definitely wouldnt go for this
This post has been edited by hacker6280: Mar 26 2009, 07:40 PM
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