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    Bazaaristas Event Kota Kinabalu
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    This letter provides consent for a bank to dispose of its interest in a property to a third party at any time, including through foreclosure proceedings and auction. The developer agrees to execute any necessary documents, including a fresh Memorandum of Transfer, to effect the transfer of the property to a third party buyer in the event the bank forecloses on the property.

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    This letter provides consent for a bank to dispose of its interest in a property to a third party at any time, including through foreclosure proceedings and auction. The developer agrees to execute any necessary documents, including a fresh Memorandum of Transfer, to effect the transfer of the property to a third party buyer in the event the bank forecloses on the property.

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    13 views1 page

    Scribd

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    Bazaaristas Event Kota Kinabalu
    This letter provides consent for a bank to dispose of its interest in a property to a third party at any time, including through foreclosure proceedings and auction. The developer agrees to execute any necessary documents, including a fresh Memorandum of Transfer, to effect the transfer of the property to a third party buyer in the event the bank forecloses on the property.

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    Draft Letter of Consent (To be typed on your letterhead) The Branch Manager Rich Bank Berhad

    Dear Sir, RE: LETTER OF CONSENT

    Purchaser : Property : Developer : Lender : --------------------------------------------------------------------------------------------------------------------------The above matter refers. We, the Developer hereby confirm that you, the Bank may dispose off your interest in the above property to any third party at any time and agree that we will execute all such documents for such purpose as requested by yourself including executing fresh Memorandum of Transfer and release documents to effect the transfer of the above property in favour of a third party in the event that the Lender commences foreclosure proceedings and the above property is successfully sold by public/private auction. Yours faithfully, (COMMON SEAL)

    . DIRECTOR

    . DIRECTOR/SECRETARY

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