Missing First Appointment

[duhzzz 0]

Hi,

I'll be missing my first appointment due to work overseas.

My agent as well as HDB officer gave me 2 options,

1. Postpone 1st appointment date

2. Apply for power of attorney.

Has anyone did the 2nd option before? Can share the details required to draft the letter?

My fren suggested that I draft the letter myself and get it signed together with my fiance at a law firm.

Will cost only about $25 if tt's the case.

[ngunadi 2]

Go for 2nd option. You should ask your agent to help you settle all the necessary also. That's the point of having an agent right?

[duhzzz 0]

Go for 2nd option. You should ask your agent to help you settle all the necessary also. That's the point of having an agent right?

My agent asked me to find a lawyer.. =|

[Eurypylus 0]

Go for the power of attorney.

I went to the firm in the HDB office, cost me around 210.

The power of attorney in not just a simple piece of letter. It require a lawyer as witness, and sent to high court. Also HDB will require 2 verify copies(also need lawyer signature).

Edited April 21, 2010 by Eurypylus

[bepgof 20]

My agent asked me to find a lawyer.. =|

See http://www.law.com.sg/power_of_attorney.htm

Edited April 21, 2010 by bepgof

[ngunadi 2]

If your agent can't help you, it's time to squeeze his commission. You can say that you are not happy with his service and want to deduct his commission.

I mean ... he can easily find a lawyer and help you to arrange to met the lawyer and settle the letter. But he didn't do anything, what's the point of paying 1% commission?

[altitude 0]

If you do decide on going with option 1, can please let me know when your first appointment is?

I don't mind pushing my first appointment earlier

[bepgof 20]

Talking about PA, reminds me of what my friend( sec sch classmate, had been agent for 5 years)told me about his real estate partner did:

- Look for those desperately need cash & want to sell away house.

- Lend seller money, interest free, get his PA to sell house by agent. Pre-agreed to sell house at valuation price.

- Agent arrange house valuation, 2 sets. One high and one lower.

- Sell buyer at high valuation. Told the desperator house sold at lower.

- Agent open one bank account.

- Bank in proceeds, withdraw all money, closed account.

- Passed cash difference to desperator.

- Agent earned (high-low)val + comm.

[ngunadi 2]

Talking about PA, reminds me of what my friend( sec sch classmate, had been agent for 5 years)told me about his real estate partner did:

- Look for those desperately need cash & want to sell away house.

- Lend seller money, interest free, get his PA to sell house by agent. Pre-agreed to sell house at valuation price.

- Agent arrange house valuation, 2 sets. One high and one lower.

- Sell buyer at high valuation. Told the desperator house sold at lower.

- Agent open one bank account.

- Bank in proceeds, withdraw all money, closed account.

- Passed cash difference to desperator.

- Agent earned (high-low)val + comm.

Won't the seller know the selling price with higher value in the end? Unless, with the PA, the seller never ever need to go to HDB, sign anything only in the end he find out and it's too late?

[bepgof 20]

Won't the seller know the selling price with higher value in the end? Unless, with the PA, the seller never ever need to go to HDB, sign anything only in the end he find out and it's too late?

- With PA, seller need not to be at 2nd appt.

- They open joint account, money bank in.

- Seller knew agent house sold at higher price, agent claimed to be cov.

- Both together withdrew money & closed account.

- Legally ok, but in term of morality not ok lah.

Watch out for such!.

Edited April 22, 2010 by bepgof

[ngunadi 2]

- With PA, seller need not to be at 2nd appt.

- They open joint account, money bank in.

- Seller knew agent house sold at higher price, agent claimed to be cov.

- Both together withdrew money & closed account.

- Legally ok, but in term of morality not ok lah.

Watch out for such!.

I think on the 1st place, even when the seller is desperate, he should not take "hands-off" approach by signing a PA and let the agent run the show ....

[duhzzz 0]

Go for the power of attorney.

I went to the firm in the HDB office, cost me around 210.

The power of attorney in not just a simple piece of letter. It require a lawyer as witness, and sent to high court. Also HDB will require 2 verify copies(also need lawyer signature).

Any cheaper lobangs??

haha...my fren drafted the PA himself for his ROM as his fiance is under 21yrs old and he paid $25 only jus to get a lawyer to witness and get it signed.