Realtors and Real Estate Agents - Sign Up for Free Account at Property.net.my >>

Malaysia Real Estate
Malaysia Real Estate Portal
 FAQFAQ   SearchSearch   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

Seller Bankrupt After S&P

Post new topic   Reply to topic    Malaysia Real Estate Forum Index -> S & P and Legal Issues
View previous topic :: View next topic  
Author Message

Joined: 08 May 2012
Posts: 1

PostPosted: Tue May 08, 2012 10:15 pm    Post subject: Seller Bankrupt After S&P Reply with quote

I have bought a unit and already started the process until signing of S&P and my loan is approved. I have already move in the house now as per the contract that I will move in upon the signing of S&P. After a few months, I did not any notes about loan repayment.

My lawyer told me the seller/company(bought using company name) is bankrupt. She said she checked that the seller wasn't listed in the bankruptcy when the search is done. (Not sure if that's the case and I have a lil doubt for the answer)

I would like to continue the buying as I did some renovation and felt comfortable with it now.

How do I know who is the rightful owner now so I can negotiate to continue with the purchase?

Should I enquire from Jabatan Insolvensi?
Back to top
View user's profile
Display posts from previous:   
Post new topic   Reply to topic    Malaysia Real Estate Forum Index -> S & P and Legal Issues All times are GMT + 8 Hours
Page 1 of 1

Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum

This is a free forum intended to foster communication between all users.
Hileytech Sdn Bhd does not guarantee the correctness or validity of postings, nor does Hileytech endorse any postings. No posting or contents in this forum can be copied and reproduced without prior permission from Hileytech and the owner of the posting. All other names and marks are trade names, trademarks or registered trademarks of their respective owners.
Powered by phpBB, Another web site by www.hileytech.com,Forum Archive
Tel : +603-89449965, +603.89449365 ::  Fax : +603-89440665 :: hiley@hileytech.com