They will also help the seller transfer ownership to the buyer. 2) Lawyers ask buyer's bank to clarify LPPSA's debt The lawyer will request that the buyer's bank pay the remaining debt of your government loan. We call this payment of the seller's remaining debt the first payment or 'first disbursement'. This first payment is important because you want to get the original grant for the seller's house from LPPSA.
Real estate agent Once it has been paid, the lawyer will receive cambodia whatsapp fan the original grant. We call this entire process a 'discharge of charge'. 3) Lawyer transfers ownership and pledges the grant to the buyer's bank The lawyer then transferred the grant to the buyer's name. Once the name is registered, the grant is pledged to the buyer's bank. Why is it subject to reserves? The bank must want the grant as a guarantee that the buyer will pay the debt.
4) Bank pays profit The lawyer will also request that the buyer's bank pay the remaining profit. The buyer's bank will pay that amount to the lawyer. The lawyer will deduct the costs involved (if any) and then make the payment to the seller. How Long Does the Government Loan House Selling Process Take? The process of selling a house with a government loan is taking longer than usual.
Otherwise, they will auction the house
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sumaiyakhatun29
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