Hi,
1) It seems like the buyer did not fully pay for the property or did not fully pay up the stamp duty.
2) Therefore the state had to apply an encumbrance to the property to ensure their interest is protected.
3) This does not affect you if you intend to buy it. The sale proceeds will first use to pay up the state and the remaining will disburse to the owner accordingly.
4) We won't be able to find out more unless the owner is willing to share what was going on.
Hope the above answer to your main concerns, but if there are more query, 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
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