Asked by Anonymous
Hi,
My condo project in Kota Kinabalu has been delayed or rather abandoned for more than 5 years now. I signed the S&P in 2010 and according to the agreement I should be getting my unit after 36months from the signing. The project had been declared by the Ministry of Local & Govnt Housing, Sabah as abandoned and had issued out some letter of recommendation to banks to ease on the monthly payment and it’s interest. However, my home loan bank refused to listen to the plight. I was previously paid up RM1000/monthly until I stop not paying to attract their attention. When the bank finally noticed on the non payment- they bombarded me with constant calls to recover the payment. At one time, I obliged the payment as requested and provided some documentations for them to consider suspending the interest and lowering down the monthly installment. But none happening.
Seeking your advice on this on how to go about. It is unfair to me for paying RM1000/monthly plus the arrears incurred when the project is unknown to be restarted and completed and the bank refused to consider the hassle.
I am now blacklisted under CCRIS for defaulting the payment and bank is pressing to take legal action on me.
Please help.
Thank You
My condo project in Kota Kinabalu has been delayed or rather abandoned for more than 5 years now. I signed the S&P in 2010 and according to the agreement I should be getting my unit after 36months from the signing. The project had been declared by the Ministry of Local & Govnt Housing, Sabah as abandoned and had issued out some letter of recommendation to banks to ease on the monthly payment and it’s interest. However, my home loan bank refused to listen to the plight. I was previously paid up RM1000/monthly until I stop not paying to attract their attention. When the bank finally noticed on the non payment- they bombarded me with constant calls to recover the payment. At one time, I obliged the payment as requested and provided some documentations for them to consider suspending the interest and lowering down the monthly installment. But none happening.
Seeking your advice on this on how to go about. It is unfair to me for paying RM1000/monthly plus the arrears incurred when the project is unknown to be restarted and completed and the bank refused to consider the hassle.
I am now blacklisted under CCRIS for defaulting the payment and bank is pressing to take legal action on me.
Please help.
Thank You
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