Asked by Anonymous
Dear gurus, Regarding on the matter above, i attempt to buy a sub sale property and wanted to get the loan for it. Booking form was signed and when during the loan process, the banker request for Quit Rent which the property developer were blacklist and did not pay at all. Thus, without the quit rent the loan are unable to proceed. So i would like to ask 1) Is there anyway to settle the quit rent since the developer already bankrupt? 2) Lets say i approach other bank and the loan is approve, can the name be changed since the developer already run away and having quit rent issues? According to my agent, the quit rent and name change can be settle by Liquidator and according to my lawyer it can be done if the whole block owner pay the quit rent (which sound impossible task on it) By the way, it is a apartment. Thank you very much in advance.
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