Asked by h***@gmail.com
Hi.
If any legal advisors, please guide. I am in the process of buying an apartment for RM447k.
I sign the S&P after the bank LO (90% loan) was signed. A valuer was sent to check the house then only I signed the Bank LO.
But now the bank says the house value is low (RM420k only, so loan can give RM390k) and I need to top up the balance money. If I don't want to accept this, then my earlier paid 10% (RM47k) will be forfeited.
What is my mistake here? Why I am the one should bare the charges? How to get back my money without any issue?
If any legal advisors, please guide. I am in the process of buying an apartment for RM447k.
I sign the S&P after the bank LO (90% loan) was signed. A valuer was sent to check the house then only I signed the Bank LO.
But now the bank says the house value is low (RM420k only, so loan can give RM390k) and I need to top up the balance money. If I don't want to accept this, then my earlier paid 10% (RM47k) will be forfeited.
What is my mistake here? Why I am the one should bare the charges? How to get back my money without any issue?
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