extracted from terms and conditions for contra (ecf) :
"Where there is a mortgage in favour of a financial institution and/or CPF Mortgage/charge on Flat A and/or Flat B or where private solicitors have to be engaged, HDB reserves the right not to approve the application for the Enhanced Contra Facility "
does the above mean : no bank loan, must use hdb loan
cannot use CPF to service loan......this part i most blur
cannot use your own lawyer
i need to know too : is doing contra ( involve 3 parties ) really complicated ?
what are the complexities ? case studies......
how common do people do contra ???
