Comments on: Step by Step Guide To Buying A House – The Agreement

By: Miss Hajar

Miss Hajar — Mon, 10 Jan 2011 08:26:10 +0000

Thank you so much for the infos.

By: pablopabla

pablopabla — Tue, 04 Jan 2011 02:53:01 +0000

Miss Hajar : Loans are disbursed to the Vendor’s solicitors. It is best that you check with the bank’s loan executive on the surplus. I believe it could be for MRTA.

By: Miss Hajar

Miss Hajar — Mon, 03 Jan 2011 09:20:48 +0000

Hi,
Can help me on below question:-
1) My house loan is approved and my agent appoint a lawyer on my behalf.
2) Will need to sign the SPA and Letter of Offer from bank.
3) Will need to pay balance 9% downpayment of the purchase price,plus lawyer fees and agent’s 1% commission after signing the SPA & Letter of Offer.
My question is, how and who will the bank disbursed the total amt loan approved? For example, balance to pay the house is RM135,000 after paying downpayment. Bank loan approved at RM140,000…what will happen to balance amount of RM5000? My monthly payout to bank already agreed and calculated. Will the bank transfer the loan amount to my bank account or to the lawyer’s firm or to sellers? Thank you for assisting me in above matter.
Thank you so much.

By: pablopabla

pablopabla — Tue, 26 Oct 2010 09:48:17 +0000

Miss Tho : Mr. Light offered to sell at minimum of $1million. Mr. Heavy accepted that offer. There is a binding contract in place.

By: Kate Tho

Kate Tho — Thu, 21 Oct 2010 11:59:12 +0000

hi,
i have a few questions and i hope you would be able to help out? i have been having problems in my business law class and was given an assignment which i do not quite comprehend. you can find the question below. i know very well that there are no definite answers and there aren’t any yes/no answers that’s why it would be helpful if you could give me your opinion on the case so i will have an idea about what to write in my assignment and do more research base on your opinion cuz all i need is just a starting point. i couldnt find much information regarding MALAYSIAN business law online let alone any similar cases or maybe i’m just not good at finding things online. but i did came across a bunch of american cases which isnt applicable to my assignments since our country’s law is similar to the british ones:

Mr. Light had been carrying on negotiations with the Mayor and Council of Kingston.
While he was travelling on a train, Mr. Heavy (who wanted the property too) sent Mr. Light an email which said:
“Will you sell us the Bumper Hall? Give us the lowest price, we confirm to buy?”
Mr. Light replied “lowest price for Bumper Hall is $1 million.”
Mr. Heavy then replied “we agree to buy the Bumper Hall for the sum of $1 million asked by you. Please send us your title deed in order that we may get early possession.”
Mr. Light however refused to sell at that price, at which Mr. Heavy sued for specific performance and an injunction to prevent Kingston from taking the property.
What is your opinion on the case?

is there an offer or merely an invitation to treat from Mr. Light?

regards,
miss tho

By: pablopabla

pablopabla — Tue, 15 Jun 2010 08:34:37 +0000

Jeanna : If it is true that R has kept the birth cert of ML, then he has to return it. Otherwise, he can run into trouble.

By: Jeanna Voon

Jeanna Voon — Sat, 01 May 2010 08:20:11 +0000

My friend R is suppose to get married with his fiancee, ML this October. Hence they broke up few months ago.

R bought a new home and paid all the necessary fees, deposit and installments. Upon their breakoff, R verbally told ML he will ask his lawyer to get a new set of house agreement and she has to sign that she is no longer the owner of R new home.

R gets all the documents from his lawyer and now is ready for ML to sign. Instead, ML went to make a police report that R keeps her Birth Cert in his current home. (Before that they were living together and she didnt collect it).

So what must R do now? Please advise.