Asked by anonymous .
Hi i just to know , as a buyer , what is lodge caveat
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5 Answers
Hi, appreciate your sharing. It is a notice to inform the property has changed hand to another owner.
Looking forward to assist you at 9696 4398 or email me at stewartlim96964398@gmail.com
Cheers
Stewart-PropNex Read More
Looking forward to assist you at 9696 4398 or email me at stewartlim96964398@gmail.com
Cheers
Stewart-PropNex Read More
Hi,
1) This is a technical term used in real estate.
2) A property Caveat is a legal document stating interest in the property.
3) Lodging a caveat is an action to state an interest in the property.
4) Other than the owner, it is lodged by the bank, financial institute, or the HDB if this is an HDB flat, mainly the party who lends the money to the buyers to buy the property.
5) In the Singapore context, if selling an HDB flat. The HDB mortgage department shall be informed by the lawyer to lift the caveat from the flat's deed to proceed to complete the sale.
6) The lawyer will ensure the sale proceeds are sufficient to cover the outstanding loan before being able to proceed further to complete the sale.
7) A similar process is taken by the lawyer when selling private property. The banks or financial institutes will be informed and lift the caveat before able to proceed to complete the sale.
8) Note that the above is a layman's language used for simple understanding only.
9) If you need a formal explanation, it is advised to approach a conveyance lawyer.
10) There is a fee incurred by the buyer to lodge a caveat.
Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!
Hope the above answers your main concerns, but if there are more queries, please feel free to contact me at 90110636 , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer Read More
1) This is a technical term used in real estate.
2) A property Caveat is a legal document stating interest in the property.
3) Lodging a caveat is an action to state an interest in the property.
4) Other than the owner, it is lodged by the bank, financial institute, or the HDB if this is an HDB flat, mainly the party who lends the money to the buyers to buy the property.
5) In the Singapore context, if selling an HDB flat. The HDB mortgage department shall be informed by the lawyer to lift the caveat from the flat's deed to proceed to complete the sale.
6) The lawyer will ensure the sale proceeds are sufficient to cover the outstanding loan before being able to proceed further to complete the sale.
7) A similar process is taken by the lawyer when selling private property. The banks or financial institutes will be informed and lift the caveat before able to proceed to complete the sale.
8) Note that the above is a layman's language used for simple understanding only.
9) If you need a formal explanation, it is advised to approach a conveyance lawyer.
10) There is a fee incurred by the buyer to lodge a caveat.
Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!
Hope the above answers your main concerns, but if there are more queries, please feel free to contact me at 90110636 , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer Read More
1
This will be done by your lawyer. Don't worry.
You can call me at 9687 1800 to discuss further.
Regards,
Trisni
9687 1800 Read More
You can call me at 9687 1800 to discuss further.
Regards,
Trisni
9687 1800 Read More
A lodged caveat is a legal document filed with the relevant government authority, typically the land registry or land authority, to assert an individual's interest or claim in a specific property.
Done by lawyer.
Call or text for a non-obligatory consultation discussion to know more. Let’s start your journey to your dream home today!
Best Regards,
John Lai
“Right Believing, Right Living”
PropNex Associate Director
(M): 8444-0899
Email: johnlaiproperty@gmail.com
Self introductory video - https://youtu.be/yygkGSG4Mtw
Social Media -
FB: facebook.com/johnlaiproperty
IG: @johnlaiproperty
Tiktok: @johnlaiproperty
YouTube: @johnlaiproperty Read More
Done by lawyer.
Call or text for a non-obligatory consultation discussion to know more. Let’s start your journey to your dream home today!
Best Regards,
John Lai
“Right Believing, Right Living”
PropNex Associate Director
(M): 8444-0899
Email: johnlaiproperty@gmail.com
Self introductory video - https://youtu.be/yygkGSG4Mtw
Social Media -
FB: facebook.com/johnlaiproperty
IG: @johnlaiproperty
Tiktok: @johnlaiproperty
YouTube: @johnlaiproperty Read More
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