Call Us : +604 283 3650 (Penang) | +603 2161 7772 (Kuala Lumpur)

It’s yours! OR Is it yours? Won by Auction, Chased out by Owner…

By in Articles with 0 Comments

Some interesting read we came across just a few weeks back. This man was caught off guard when a property he bought through auction was illegally taken back by the owner. Due to ignorance of the law and procedures, he has now got his hands tied with a lawsuit that may take longer than expected. Furthermore, the auctioneers and lawyers involved are being mum about it, leaving him to fend for himself personally. That is why it is important to know about the proper auction procedures and engage a trustworthy and reliable auctioneer.

Here at MNP Auctioneers its is our greatest pleasure to serve all our customers in every possible way we can. Ensure reliability and a worry free bidding, our dedicated sales personnel work round the clock to help answer your queries and provide professional guidance where necessary. When it comes to buying a property through auction, we would go the extra mile to provide a step by step guide on the processes and procedures of auction. Feel free to call us anytime at our customer care hotline at 017-4006661.

Published by www.thestar.com.my, Man who bought flat at auction chased out by ‘owner’

Man who bought flat at auction chased out by ‘owner’

GEORGE TOWN: A contractor thought he had found his dream home – a low-medium-cost flat in Relau – after an auction where he bid RM75,000 for it.

Muhammad Hafiz Ong Abdullah, 45, even spent another RM37,000 on renovation and furniture in October 2015.

Three months later, the dream turned into a nightmare when a man, claiming to be the rightful owner, showed up.

“He chased me out without listening to my explanation. I spent all my savings on this house, but now, it appears I don’t even own it.

“I tried to get lawyers to help me but no solution,” he said at a press conference organised by Padang Kota Gerakan constituency coordinator H’ng Khoon Leng at Penang Gerakan headquarters yesterday.

He added that after winning the bid, the auction firm recommended him to a law firm to assist him in the purchase process.

He issued three cheques to the law firm to settle the payment before being allowed possession of the unit.

“After carrying out renovation and furnishing works in January 2016, the man who claimed to be the unit owner came and chased me out,” he said.

Muhammad Hafiz approached the law firm, the auction firm, and even the bank that processed his purchase but no one seemed to be able to help or give him an explanation.

“I decided to lodge reports with the police, Malaysian Anti-Corrup­tion Commi­ssion (MACC) and Bank Negara after exhausting all avenues on the matter,” he said.

H’ng said that he would assist Muham­mad Hafiz to get back the unit or his money.

“We will also lodge a report with the Bar Council’s disciplinary board as the lawyer involved in the transaction has a duty to guide Muham­mad Hafiz in the purchase process.

“We hope the public will be more cautious with the processes in­­volved in an auction,” he said.

Also present at the press confe­rence was Tanjong Gerakan consti­tuency coordinator Datuk Ng Siew Lai.

–end of article–

Original Article URL Here: Man who bought flat at auction chased out by ‘owner’ (https://www.thestar.com.my/news/nation/2018/04/07/man-who-bought-flat-at-auction-chased-out-by-owner)

Suggested articles: Below Market Value Properties – good bargains during downtime.

 

Share This