If u have heard but do not understand all the 'how to's about auction kindly post your message here. We have experinced members to assist!
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Re:This is for First-Time auction buyers!
Date: 2006/05/11 19:26
By: JC1711
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Hi, i am the first time auction potential buyer. M looking for good investment property. Mind share and warn me of all the procedures and tricks in this field?? Tx
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Re:This is for First-Time auction buyers!
Date: 2006/05/11 20:41
By: tom
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No worry, try to get an advisor from Lelongtips here. I think any of them can help you!
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Re:This is for First-Time auction buyers!
Date: 2006/05/16 02:16
By: Blitz
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yoongcalyn wrote: Hi, i am the first time auction potential buyer. M looking for good investment property. Mind share and warn me of all the procedures and tricks in this field?? Tx....welcome to the forum....u may need to browse around and you can find out more on auction property purchase. If you cant find your answer here, feel free to post up, lets share........happy browsing....
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Re:This is for First-Time auction buyers!
Date: 2006/05/16 20:55
By: kuan
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Well, I think u should beware of the after auction procedures, as pre-auction procedure is much more simpler, i think.
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Re:This is for First-Time auction buyers!
Date: 2006/05/21 19:35
By: Blitz
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kuan wrote: Well, I think u should beware of the after auction procedures, as pre-auction procedure is much more simpler, i think.....AGREE......that depends which bank's property you purchased as well...some bank provide good after sales services
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Re:This is for First-Time auction buyers!
Date: 2006/05/21 19:36
By: Blitz
Status: User
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Blitz wrote: yoongcalyn wrote: Hi, i am the first time auction potential buyer. M looking for good investment property. Mind share and warn me of all the procedures and tricks in this field?? Tx....welcome to the forum....u may need to browse around and you can find out more on auction property purchase. If you cant find your answer here, feel free to post up, lets share........happy browsing....yoongcalyn.....still here......? may be too bz to browse around.......perhaps you can just post up your questions....
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Re:This is for First-Time auction buyers!
Date: 2006/06/28 17:08
By: jackkoh
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i m thinkin of buying a property via auction but when i went to see the property , it's occupied ! i read somewhere that it could be tricky getting rid of the tenants ...should I be worried ??
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Re:This is for First-Time auction buyers!
Date: 2006/06/29 22:34
By: boss
Status: Admin
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Posts: 53
jackkoh, i think u can try to find out who the occupant is, tenant / owner?
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Re:This is for First-Time auction buyers!
Date: 2006/08/24 12:22
By: mustar
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HI I am the 1st time auction buyer, I got a problem with the lawyer already 14 months since I purchased the apartment it is a stalemate so far I paid in advanced my own money the previous owner maintainence fee to get the process running smooth but the bank should pay me back that money,
the bank already issue the cheque, somehow its stuck with my lawyer they keep delaying to send me the cheque I already paid 85% of that lawyer fee
Do this lawyer firm have right to hold the cheque.?
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Re:This is for First-Time auction buyers!
Date: 2006/09/26 22:12
By: boss
Status: Admin
Karma: -1
Admin
Posts: 53
Hi there! I don't think the lawyer is suppose to do that, unless with valid reason. hope the link might assist you further!~
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Re:This is for First-Time auction buyers!
Date: 2006/10/27 12:39
By: benzkwan
Status: User
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if a auction property is occupied by its owner, and he/she refuse to move out, HOW?
can i change the locks after signing the contract OR do i hav to wait til loan approve???
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Re:This is for First-Time auction buyers!
Date: 2007/03/11 22:23
By: namjap
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It is not the correct thing to do. The previous owner has rights and he/she might use legal aid to protect that right. You need to show to the previous owner documents that you have fully settled the payment and that you are now the rightful owner. You need to negotiate with him/her in a lawful way. But you should serve an eviction notice, should you want him/her to leave. Another way is file a police report and get the policeman to investigate. Even if your loan has been approved, you cannot take any action until you have fully settled the purchase price.
Post edited by: namjap, at: 2007/03/11 22:27
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Re:This is for First-Time auction buyers!
Date: 2007/08/07 15:00
By: coffe_latte
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hai.. i'm really new in bought auction property.. so i like to know the guide after the auction...i'm just buy an auction property.. it's apartment in balakong.... just get the proclamation of sale and now i'm waiting for the loan's bank being approve....
so after the bank approved loan.. what should i do..... i'm really need to know
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Re:This is for First-Time auction buyers!
Date: 2007/08/11 15:06
By: AIM
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Will it be a big problem if I buy low cost flat thru auction? (ie.: consent from state authority takes very long time, there's income limited eligibility etc.)
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Re:This is for First-Time auction buyers!
Date: 2007/08/14 12:16
By: boss
Status: Admin
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Admin
Posts: 53
Hi coffe_latte: U should engage a lawyer to execute the transfer of name on the property u bought. you may call our advisor Tom @ 012-2076262for further assistance.
hi AIM: U have to comply to the bumi/non bumi status and income eligibility if buying low cost.
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Re:This is for First-Time auction buyers!
Date: 2007/09/01 17:23
By: AIM
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Can give me more detailed tips/procedure to evict the ex-owner and roughly the cost involved without going to court? What do you mean asking police to investigate? Investigate what? Since i owned (in the future) the property and the ex-owner is staying there illegally, can i press charge him of tresspassing or any other crime related to it?
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Re:This is for First-Time auction buyers!
Date: 2007/11/16 14:39
By: champlim
Status: User
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Dear all,
First time here. How do I know if the auction property maintenance fee will be cover by the bank or I have to paid it. What's the legal clause that i should look into. The property i'm interested to bid has outstanding maintenance fees of close to RM5k.
Please advise.
Thanks in advance for the reply.
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No worry, try to get an advisor from Lelongtips here. I think any of them can help you!
may be too bz to browse around.......perhaps you can just post up your questions....
