hi guys, do we really need to engage our own lawyer after the auction? any of you guys have been unrepresented and didn't get into troubles later on? appreciate any info. thanks.
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Re:lawyer
Date: 2006/03/22 11:30
By: john tang
Status: Visitor
As far as i know, we have to engage a lawyer to do the assignment or MOT. anyone dun have to?
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Re:lawyer
Date: 2006/03/23 05:11
By: blidahb
Status: Visitor
If you are a cash buyer and you know how to prepare the MOT (Memorandum of Transfer) or the Deed of Assignment then you dont need a lawyer.
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Re:lawyer
Date: 2006/03/23 05:11
By: blidahb
Status: Visitor
If you are a cash buyer and you know how to prepare the MOT (Memorandum of Transfer) or the Deed of Assignment then you dont need a lawyer.
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Re:lawyer
Date: 2006/03/23 14:18
By: Blitz
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ain wrote: hi guys, do we really need to engage our own lawyer after the auction? any of you guys have been unrepresented and didn't get into troubles later on? appreciate any info. thanks......I think you should get 1 to ensure your interest is well protected. Lots of people will think that the lawyer doing loan documentation is good enough(in actual fact, they only protect the Bank) .....so try to get one... easier in case of disputes...
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Re:lawyer
Date: 2006/03/23 14:19
By: Blitz
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Blitz wrote: ain wrote: hi guys, do we really need to engage our own lawyer after the auction? any of you guys have been unrepresented and didn't get into troubles later on? appreciate any info. thanks......I think you should get 1 to ensure your interest is well protected. Lots of people will think that the lawyer doing loan documentation is good enough(in actual fact, they only protect the Bank) .....so try to get one... easier in case of disputes.......what about u have dispute with the auctioning bank on charges and documentation? What about u need to evict the current occupants?
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Re:lawyer
Date: 2006/03/24 14:31
By: jack
Status: Visitor
yeah, u r right blitz
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Re:lawyer
Date: 2006/03/26 12:28
By: ain
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thanks guys... i'm just exploring my options... still new in this field... appreciate your replies.. if all is well, will be buying my first auction property tomorrow... cheers!
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Re:lawyer
Date: 2006/03/27 17:26
By: Blitz
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ain wrote: thanks guys... i'm just exploring my options... still new in this field... appreciate your replies.. if all is well, will be buying my first auction property tomorrow... cheers!.....so....ain, did u managed to get your auction property? Which bank?
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Re:lawyer
Date: 2006/04/08 09:37
By: ain
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sadly no...but it was my first time and it was a very good experience.. an eye opening...made new friends... i've been to a few more after that... now i'm addicted...hehehe..
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Re:lawyer
Date: 2006/04/08 17:16
By: boss
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hahaha...most of us will get addicted!
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Re:lawyer
Date: 2006/04/10 10:01
By: Blitz
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ain wrote: sadly no...but it was my first time and it was a very good experience.. an eye opening...made new friends... i've been to a few more after that... now i'm addicted...hehehe.....Good....good......buying auction property in Malaysia still not that famous in Malaysia......need more "addicted" person.....hahahaha after all, not so bad, right?
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Re:lawyer
Date: 2006/05/15 15:52
By: amdin
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Pengalaman: Selepas beli 'auction Properties' terus lantik peguam sendiri untuk uruskan penyediaan dokumen "Deed of assignment' jika rumah belum ada geran @ Memorandum Of Transfer (MOT) jika rumah dah ada geran. Sebaiknya jangan lantik peguam yang sama yang menguruskan urusan lelong (bank side) sebab saya dah terkena nasib baik ade lawyer sindiri.. lepas 5 bulan rumah confirm jadi milik saya.
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Re:lawyer
Date: 2006/05/21 13:43
By: ain
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sorry guys for posting such a 'stupid' topic.. i know the answer is obvious.. the reason why i ask this is because i notice on some condition of sale, it is written there that the buyer may be 'unrepresented'...
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Re:lawyer
Date: 2006/05/21 19:24
By: Blitz
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amdin wrote: Pengalaman: Selepas beli 'auction Properties' terus lantik peguam sendiri untuk uruskan penyediaan dokumen "Deed of assignment' jika rumah belum ada geran @ Memorandum Of Transfer (MOT) jika rumah dah ada geran. Sebaiknya jangan lantik peguam yang sama yang menguruskan urusan lelong (bank side) sebab saya dah terkena nasib baik ade lawyer sindiri.. lepas 5 bulan rumah confirm jadi milik saya....This is the difference between using own lawyer and unrepresented! amdin, luckily found a lawyer know about auction......I have customers found a lawyers that DON'T KNOW ANYTHING ABOUT AUCTION.....need the bank to teach them...
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Re:lawyer
Date: 2006/05/21 19:27
By: Blitz
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ain wrote: sorry guys for posting such a 'stupid' topic.. i know the answer is obvious.. the reason why i ask this is because i notice on some condition of sale, it is written there that the buyer may be 'unrepresented'......... ain, no such thing as "stupid topic"-lar...we leran and we share things in forum......I think curiousity will make u smarter.....just ask.....NO FEAR....."YOU DON'T KNOW WHAT YOU DON'T KNOW"......hahahahaha just hope that you can post more
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Re:lawyer
Date: 2006/05/24 20:10
By: amdin
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Blitz, what i did, i ask that lawyer if they have experience doing auction transaction. Before that i've ask 3 lawyers, than appoint 1 of them. But experience doing transaction with several lawyer give me good point of view which lawyer is good.
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Re:lawyer
Date: 2006/05/24 20:10
By: amdin
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Blitz, what i did, i ask that lawyer if they have experience doing auction transaction. Before that i've ask 3 lawyers, than appoint 1 of them. But experience doing transaction with several lawyer give me good point of view which lawyer is good.
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Re:lawyer
Date: 2006/05/29 12:53
By: ain
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blitz, amdin, one lawyer told me that it's best to get same lawyer to handle both loan agreement & transfer... ' easier' she said... what do you guys think?
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Re:lawyer
Date: 2006/06/09 11:30
By: fara2210um
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ain wrote: blitz, amdin, one lawyer told me that it's best to get same lawyer to handle both loan agreement & transfer... ' easier' she said... what do you guys think?
I've got the same lawyer (panel of the seller(bank))...i've purchased my first auction property on 7th May 2005 and the documentation is not completed until now. What can i do because i'm thinking of selling the property..
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Re:lawyer
Date: 2006/06/13 00:26
By: boss
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It's advisable for an auction buyer to get an experienced (in auctions) lawyer to do the transfer and financing proceeds. If you dont know any, just call up our hotline to understand how APF can provide free legal service for transfer as well as financing, at zero costs!
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amdin, luckily found a lawyer know about auction......I have customers found a lawyers that DON'T KNOW ANYTHING ABOUT AUCTION.....need the bank to teach them...
