Property in Malaysia for sale and rent | Buy, Rent and sell real estate and homes

Hi

Any advise on how to get past the following situation is welcomed:

Property information:
Location USJ 2. 20 x 60. Market value about RM 330K. Currently owned by my dad. Lender is CIMB. Owing about RM 230K+.

Situation:
I am buying over from my dad as he is retired and no longer in a position to keep up the payments. Also, his loan package wasn't that attractive to begin with (high OD). CIMB has given us until 31st Aug 2011 to settle by way of redemption.

CTOS History:
I have just cleared a situation with EON Bank and letter of discharge in hand.

Financial standings:
CCRIS Clear - just checked at BNM about 2 weeks ago. No other debts. Gross PA RM 84K. Director of company with steady income stream (can provide evidence).

Loan information:
Requiring loan of about RM 280K with preferably long tenure.

Does anyone know of any banks that would be \"friendly\" in terms of the history? Would really like to get this settled as soon as possible.

Please either leave a reply here or PM me.

Many thanks,
B

Well, your problem is only the CTOS matter

you can apply a few banks to try your luck, local bank or foreign bank also can

_________________
Victor
CIMB Mortgage Advisor
KL/ Selangor

Thanks Victor - yes I do realise the history is gonna create a problem. Any recommendations on banks (local / foreign) that are more willing to take the risk?

B

Hi, noted your problem is CCRIS history. I would like to obtain more info & details from you pertaining your CCRIS history...to see whether I can assist you or not?

Thanks.

Hi Alexy...

CTOS fo your dad doesnt effect you however you did mentioned you situation with EONbank can you tell me little more on this matter.
Either its a credit card thingy or Hire Purchase?

Do bear in mind that some Foreign bank are not so emphasize on the CTOS. But of cause it should be able to justify the case of the CTOS happened and it have to be cleared. It your record is cleared for over period or 1year then its much easy.

I wont be able to give a clearer recommendation until i know your case indepth. Do drop me a line or text 013-3808203. We are mortgage consulting team, and hope to share with you some ways to go about this.

Regards,
Martin Lau
D'Venture FlexiHome

Dear All

Many thanks for the offer. I am pleased to say the matter has been successfully concluded!

Best regards
Alexy