Legal issues/questions - Anything to do with lawyers and banks

[potter]

Re: Resale full cash payment

I did. I took an equity loan against my sg terrace which almost doubled in value at 1.48% pa. So it is totally bought with loan. Repaying 1200 per mth. But can get to keep title deed as paying with full cash (ie the equity loan).

Good Luck! Get out from the m&d and mai tio jia.

 

[freedom]

Re: Resale full cash payment

What is mai tio jia?

 

[avelc]

What is mai tio jia?

Hokkien for "don't get eaten"

 

[freedom]

Hokkien for "don't get eaten"

Paid up and awaiting title deed from bank. Already have the keys at lawyer office so hopefully I didn't get eaten...

 

[brownie]

hi all,

Need your advice as below :- Bought a service apartment, Loan has been approved by bank but the law firm unable to submit for the final submission due to the unit is bumi lot unable to convert to international lot.

If has been waited for about 5 months, what should i do ?

Developer said "has to wait" or "Can the signed agreement be valid within a certain period" or etc...

Anyone to advise further on the above case .

 

[Bubble]

hi Wuqi

Im new here and had tried to send you enquiry.Is the thread/forum still active?

Thanks

 

[Manhattan]

Hi, do I need to engage my own lawyer if buying directly from developer?

 

[Frodo]

Hi, do I need to engage my own lawyer if buying directly from developer?

Normally the free legal fees come with the developer appointed lawyers. So that is a consideration.

 

[malpaso]

Hi, do I need to engage my own lawyer if buying directly from developer?

You can, but good luck trying to get the developer to ammend clauses in their standard SPA. The other thing is that if you get your own lawyer, not sure if the developer will want to deal with you. anyway i haven't tried. if you do, pls share the experiene with us here

 

[potter]

You can, but good luck trying to get the developer to ammend clauses in their standard SPA. The other thing is that if you get your own lawyer, not sure if the developer will want to deal with you. anyway i haven't tried. if you do, pls share the experiene with us here

Used own lawyer, no more freebies..

 

[Manhattan]

Thanks for the insights. I take it that it means I better buy from developer with good reputation and use their lawyer with good faith.
If want to use own lawyer, means I don't trust the developer, so better don't buy.

 

[Manhattan]

Coming back to same topic. The developer is working for the developer's interest and not the buyer. If we do not have own lawyer, how are our interest guarded? Heard it is mandatory for buyer in sg to have own lawyer to liase with developer's lawyer.

 

[AHGS14]

In development, the SPA is supposed to be standard, much like in SG. Is it not so?

 

[RedsYNWA]

In development, the SPA is supposed to be standard, much like in SG. Is it not so?

Yes, the std agreement for developer sale is prescribed in Schedule G & H. Developer cant suka suka change the SPA. So it's ok to use developer lawyer in most cases.

http://www.hhq.com.my/?p=620

 

[Frodo]

Yes, the std agreement for developer sale is prescribed in Schedule G & H. Developer cant suka suka change the SPA. So it's ok to use developer lawyer in most cases.

http://www.hhq.com.my/?p=620

Yah, I think generally is ok one lah. For the sake of freebies and money savings I will go with developer lawyer. I cheapskate one. Hee hee...

 

[potter]

Yah, I think generally is ok one lah. For the sake of freebies and money savings I will go with developer lawyer. I cheapskate one. Hee hee...

Look out where e locals buy into.. it shd be safe. At least can hug together n die..:p

 

[JohorRookie]

Is it still possible for get to get into the resale market and buy a terrace or townhouse for RM500K ?

I mentioned "resale" because only projects approved after May 2014 are subject to the RM 1 million rule.

I don't have to be near Johor Bahru.

 

[Manhattan]

For cash buyer, he will directly remit to developer right? No need to go through any lawyer.

Also, for state levy, will the buyer receive any letter from state after paying? Is it equivalent to state consent?

 

[freedom]

For cash buyer, he will directly remit to developer right? No need to go through any lawyer.

Also, for state levy, will the buyer receive any letter from state after paying? Is it equivalent to state consent?

State levy is different from state consent which can take a long time to get like 6 to 9 months. Mine took 7 months from SPA date.

 

[Satrat]

Hi,I need urgent advice on this matter.
I brought a unit from IJM at Nusa Duta in year 2012.
VP and keys were collected in July 2014,unit fully pay up.
Couple weeks after that, was informed by developer lawyer that my unit State Consent have issue, due to some new policy changes in Land Office.
Have resigned SnP 3 times since our purchase from 2012, as required by IJM lawyer handing our purchase.
Now last minute we were told by IJM / lawyer due to unit state consent ''not approved'' we will have to give up the unit.
Need advise urgently, my hp +6596623009
Thank you.