Forum
Last updated: 

Foreclosure of a private property

Mr. Williams stopped paying his debt and Ihave no choice but to sell his property to recover the left balance. I have too much work in the office and have no time to organize the papers needed. So if Mr. Williams was able to give the left balance before my middleman finish the papers, I will stop the operation.

User comments

  • user image

    No Name

    A notice of default should be issued first by the lender and if the borrower still not responded, a notice of trustee's sale is recorded in the county office. The lender can then sell the property through a public auction and the money that will be collected to that will be the payment for the borrower's unpaid debt.

    2020.03.24 15:44

Please leave your knowledge and opinion!

Related Forums

What will happen if someone unfortunately die of accident leaving his debts behind?

The debt collector is asking for a private settlement

I'm currently in a lot of debt. and I need it to stop

Is my brother a possible guarantor?

I am called to pay my debt earlier than the agreed time.

I have a debt and charged me with high interest rate, what should I do?

Related Reviews

For people who buys groceries at NTUC Fairprice

I recommend the OCBC Plus! Visa Debit Card, for people who buys groceries at NTUC Fairprice (practically every Singaporean who’s not on RedMart). The OCBC Plus! Visa Debit Card offers a decent 4% rebate at NTUC FairPrice, Unity and Warehouse Club if you spend $200 outside of the “NTUC network” that month. If you spend $500, and your rebate goes up to 7%, you also get 3% link points when shopping on FaiPrice On. The downside is that the OCBC Plus! Visa Debit Card has an annual fee of $24. This is waived for the first year and subsequently takes $1,200 of spending per year (avg. $100 a month) to waive.

OCBC Plus! VISA Debit Card / Oversea-Chinese Banking Corporation

Earn unlimited cash rebate of 0.3% for all local and overseas retail transactions

Earn unlimited cash rebate of 0.3% for all local and overseas retail transactions when using your BOC Zaobao Debit Card.This offer is valid for a monthly spend of at least S$100 with a minimum deposit of S$1,500 and/or a monthly spend of at least RMB 500 with a minimum deposit of RMB 7,500 in the account.Other privileges allow you to use your new BOC UnionPay Dual Currency Debit Card at any UnionPay's merchants to enjoy 0.3% cash rebate and/or exclusive offers

BOC Zaobao Debit Card / Bank of China

Transact in multiple currencies without incurring foreign currency exchange fee

The KrisFlyer UOB Debit Card and Account has definitely changed for the better. With the introduction of Mighty FX, it now makes even more sense for a frequent traveller to take advantage of the enhanced ability of the KrisFlyer UOB Debit Card to transact in multiple currencies without incurring a foreign currency exchange fee. If you want to earn KrisFlyer miles and don’t want to get or don’t qualify for a credit card, then the KrisFlyer UOB Debit Card and Account are the way to go.

KrisFlyer UOB Account / United Overseas Bank

Annual fee waiver triggered with at least 12 MasterCard transactions per calendar year

The principal UOB Lady’s Debit Card is entitled to the first 3 years card fee waived while thereafter, annual fee waiver will be triggered with at least 12 MasterCard transactions per calendar year. By the way annual fee waiver shall not apply to applicants who have cancelled and reapplied for the same principal UOB Lady’s Debit Card. For eligibility, applicant must be female and be at least 16 years old and no minimum income is requirement.

UOB Lady’s Debit Card / United Overseas Bank

No transaction fee for your cash withdrawal via 24,000 BOC ATMs in Mainland China

With this card there are no currency exchange fees for all RMB transactions through RMB account. Plus enjoy convenience via UnionPay, the largest payment network in China. Interestingly, if the balance on your RMB sub-account is insufficient, the card will deduct from your SGD sub-account based on BOC’s real time exchange rate. There are no transaction fee for your cash withdrawal via 24,000 BOC ATMs in Mainland China for a limited time however.

BOC UnionPay Dual Currency Debit Card / Bank of China

Withdraw cash in ten currencies and enjoy cash withdrawal fee waiver across all ATMs worldwide

This card lets you withdraw cash in ten currencies at $0 fee and enjoy cash withdrawal fee waiver across all ATMs worldwide. This is great news for people who aren’t comfortable with carrying large amounts of cash around, and don’t want to pay ATM withdrawal fees. So, if let’s say you’re travelling to England, you can convert SGD to Pound sterling in just a few steps instantly on the QuickFX app. You can then withdraw it using your Everyday Global Debit Card in England without having to pay foreign exchange fees and ATM fees, or simply make payments directly to the merchant.

HSBC Everyday Global Debit Card / HSBC Bank Singapore