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PROCLAMATION OF SALE IN THE MATTER OF DEED OF ASSIGNMENT AND POWER OF ATTORNEY ND BOTH DATED 22 MAY 2015 BETWEEN OCBC BANK (MALAYSIA) BROAD (295400W) ASSIGNEE / BANK AND DEAN A×L AJU (ERIC NO.: 800424085067)
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How to fill out proclamation of sale
How to fill out a proclamation of sale:
01
Start by gathering all the necessary information: Gather all the relevant details about the property being sold, such as its address, legal description, and any liens or encumbrances.
02
Identify the parties involved: Clearly state the names and contact information of both the seller and the buyer. Also, include any additional parties, such as real estate agents or attorneys, involved in the transaction.
03
Include the purchase price: Clearly indicate the agreed-upon purchase price for the property. Make sure to specify the currency and any payment terms if applicable.
04
Describe the property: Provide a detailed description of the property, including its type (residential, commercial, etc.), dimensions, and any unique features. Attach any relevant documents, such as surveys or floor plans, if necessary.
05
Outline the rights and obligations: Clearly define the rights and obligations of both the seller and the buyer. This may include responsibilities for maintenance, repairs, insurance, and taxes during the transition period.
06
Indicate the closing date: Include the agreed-upon closing or completion date of the sale. This is the date when the title of the property is transferred from the seller to the buyer.
07
Signatures and notarization: Ensure that both the seller and the buyer sign the proclamation of sale. It's often recommended to have the document notarized to add an extra layer of authenticity.
Who needs a proclamation of sale:
A proclamation of sale is generally required in real estate transactions where a property is being sold. This includes both residential and commercial properties. Both the seller and the buyer, along with any parties involved in the transaction, such as real estate agents or attorneys, may require a proclamation of sale to protect their interests and ensure a smooth transfer of ownership. It serves as a legal document that outlines the terms and conditions of the sale and is often required during the closing process.
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What is proclamation of sale?
Proclamation of sale is a legal document announcing the public sale of property to satisfy a debt.
Who is required to file proclamation of sale?
The creditor or the party initiating the sale is required to file the proclamation of sale.
How to fill out proclamation of sale?
Proclamation of sale must include details of the property being sold, the reason for the sale, and the terms of the sale.
What is the purpose of proclamation of sale?
The purpose of proclamation of sale is to provide notice to the public about the upcoming sale of property.
What information must be reported on proclamation of sale?
The proclamation of sale must include details about the property, the debt being satisfied, and the date of the sale.
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