Asked by Keave POH
If i was approved a loan on deferment basis in 2007 for a condo that TOP in end 2009.
1. Will the bank re-evaluate the condo's value towards TOP date and reduce the loan to me even though it was approved and agreed in 2007?
2. If yes, what's the effects to me if i choose to walk away since i have no loan to complete the purchase? Can i keep my savings$$$ in my banks and the property that i currently owned without losing them?
1. Will the bank re-evaluate the condo's value towards TOP date and reduce the loan to me even though it was approved and agreed in 2007?
2. If yes, what's the effects to me if i choose to walk away since i have no loan to complete the purchase? Can i keep my savings$$$ in my banks and the property that i currently owned without losing them?
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