Get the free Proclamation of Sale

This document serves as a proclamation for the public auction of a property located at Unit No. B1-8-3, Residensi Lot 8, Jalan Puchong South 1, Bandar Puchong South, Selangor on June 20, 2024, at 11 AM. The property is to be sold by AmBank (M) Berhad as the Assignee/Bank under the Facility Agreement and is subject to specific conditions and a reserve price of RM500,000. The document outlines the details of the property being auctioned, the responsibilities of potential bidders, and the terms...

How to fill out proclamation of sale

How to fill out proclamation of sale

1. Obtain the proclamation of sale form from the appropriate authority or official website.
2. Fill in the date of the sale in the designated section.
3. Provide a detailed description of the property being sold, including its location and characteristics.
4. State the reason for the sale, such as foreclosure, auction, or other legislative reasons.
5. Include the names and contact information of the seller and any relevant third parties.
6. Clearly outline the terms of the sale, including starting price, bidding procedures, and payment terms.
7. Sign the form in the designated area and date it appropriately.
8. Submit the completed form to the relevant official or authority, ensuring we keep a copy for records.

Who needs proclamation of sale?

1. Individuals or entities involved in the sale of properties due to foreclosure.
2. Real estate professionals facilitating property auctions.
3. Legal representatives handling property sales in court proceedings.
4. Financial institutions seeking to reclaim properties from defaulting borrowers.
5. Potential buyers looking to participate in public property sales.

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What is proclamation of sale?

A proclamation of sale is a formal notice that announces the sale of property or assets, typically due to foreclosure or default on a loan.

Who is required to file proclamation of sale?

The entity initiating the sale, often a lender or a legal representative, is required to file a proclamation of sale.

How to fill out proclamation of sale?

To fill out a proclamation of sale, one must provide details such as the property description, sale date, time, location, and information about the seller and buyer.

What is the purpose of proclamation of sale?

The purpose of a proclamation of sale is to inform the public of the upcoming sale of the property, ensuring transparency and allowing potential buyers to participate.

What information must be reported on proclamation of sale?

Information that must be reported includes the property address, legal description, the reason for the sale, date and time of the sale, and contact information for the seller.