Friday, August 7, 2009

To All BUTL Buyers (CIMB Loan Account Holder only)

To All BUTL Buyers (CIMB Loan Account Holder only),

There has been an opportunity offered by CIMB regarding the Settlement of properties of Dataran Mantin.

BUTL Buyers has the options to either surrender their properties or pay the balance of the loan for the ownership of the properties.
The Banker has agreed to waive Interest and Legal fees but only Principle required to be paid by BUTL Buyers as part of the settlement.

In order to participate in this opportunity, please send your Name (as on IC), IC No and your contact details (e.g. Telephone No) to Paisal.Ahmad@cimb.com
Please take the initiative to arrange meetings with the Banker for detail discussion.

Don't hesitate to contact us (Committee) if you have any concern.

Regards,
Paul Lee

5 comments:

GT said...

Hi Paul, may I know what did the banker meant by "surrender the property"? Many thanks.

Lee Kian Yan said...

Hi GT,

If you decided to surrender your property to the bank (CIMB in this case), it means you agreed to the sale of the property. The proceeds of the sale will be applied to your loan account to pay off in whole or in part of the balance outstanding. Any surplus funds will be used to reduce the outstanding loan balance. You will no longer have the ownership of the property.

Regards,
Paul Lee

Jeff said...

Hi Paul,

If I not surrender the property, will they still consider to take away the interest for us?

Jeff

Lee Kian Yan said...

Hi Jeff,

Provided the property is still under your name and the bank hasn't take any action on your account, you may try to talk to the banker for the interest free settlement. This is one of the offer given by CIMB and it's vary depending on individual financial condition.

If you need help in the process of dealing with banker, please contact us by phone. We can try helping you get a better deal. However, the final decision is still on yours.

Unknown said...

Dear all,
I’ve created facebook page to gather all the owner at BUTL.

Reason: Rental not paid to owners of Hostel located here and we are cheated.Calling all owner- Let’s pool our resources.Together we stand.

Please spread this and like this facebook page :
http://www.facebook.com/pages/Bandar-Universiti-Teknologi-Lagenda-MantinOwner-of-Apartment/222857084406734

The goal we want to ahieve now:
1) To recover the outstanding rentals
2) To stop the tenancy and take poccession of the units
3) Further matters related to our units.
History : We bought units there and under guaranteed rental scheme but the management company who took charge failed to pay landlord again and again

Salam semua,
Sila check and like facebook page yang diwujudkan kepada semua orang yang tidak dapat duit sewa…
Seruan kepada semua mangsa untuk bincang kat facebook untuk tindakan seterusnya.
Dengan member yang banyak bolehlah kita hebohkan kpd media.
Sila hebohkan facebook page ini ya (kumpulkan semua mangsa) :
http://www.facebook.com/pages/Bandar-Universiti-Teknologi-Lagenda-MantinOwner-of-Apartment/222857084406734

你好,
为了集合众多的屋主,我已创立了facebook面子书网页。
团结就是力量,希望能集合所有受骗的屋主能响应加入面子书团队来讨论如何维护屋主的利益及声讨不良骗子集团。

请大肆宣传及加入我们吧:
http://www.facebook.com/pages/Bandar-Universiti-Teknologi-Lagenda-MantinOwner-of-Apartment/222857084406734