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No Chargee Bank

 
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Wil Iam



Joined: 17 Sep 2011
Posts: 2

PostPosted: Wed Apr 04, 2012 1:01 pm    Post subject: No Chargee Bank Reply with quote

I found out after payning the full amount to the developer that our land is charged to a bank. we have not redeemed our portion from the bank. the bank is comming after me to settle the redemption amount of 300K.

Apparently, on my SPA, there was no chargee bank. Upon checking with my lawyer, I was told that he was not able to locate the search.

I did some research and the land was actually charged to the bank a year before I signed the SPA. Basically the lawyer did not do the search and check out that if the property is free from encumbrances.

what action can I take against the lawyer? Kindly advise.

thank you.
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salmiah_salim



Joined: 17 May 2009
Posts: 41
Location: Shah Alam

PostPosted: Fri Jul 27, 2012 11:34 am    Post subject: Reply with quote

Hi there,

May I know what is the status of the sale and purchase now?
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