Auction cancelled 20 minutes AFTER HAMMER DOWN

In response to our article entitled "Can someone cancel the house I bought in an auction?", one of our website visitors is kind enough to share with us a personal experience:

It happened to me 2 years ago. For my case, 20 minutes after the hammer down, the bank cancelled. I was not even given the chance to sign S&P. Nevertheless, I proceeded to sue the bank and won the case in KL High Court. The difficult tasks are finding a lawyer that is willing to sue and a valuator willing to prove your damage. My case is pending for the damage assessment.- S Ong

Under the auction law, the property is declared sold upon hammer down, hence leaving no more rooms for withdrawal. So, I have no doubt that Mr. S Ong above has a solid cause of action against the bank and i'm happy that the KL High Court has further strenghten this principle. He pointed out a very practical problem however, i.e. getting a lawyer to sue the bank.

How to get satellite images of your property?

Thanks to Google Maps, obtaining a satellite image of your property is as easy as lifting your finger, and and it's FREE! Though the image may not be real-time, it's already a technological wonder that many of us could benefit from.

View Larger Map

If you have noticed, Google Maps has now included many street names in major cities in Malaysia. Hopefully very soon we could find detailed driving directions through Google Maps, as what millions of users in United States and many other countries have been using.

If your property is in Malaysia, you might find it tricky to find it on Google Map using your address (as I've mentioned, it's not fully functional for some countries like Malaysia). My tip is to first find a bigger area ("Malaysia", or "Johor" for example).

Once you are in the "Malaysia" map, then all you need to do is to do some dragging and zooming in. (If you know any other better ways, feel free to share it with us!)

To see the map in satellite mode, click on the "Sat" button on the top right corner of the map. And yes, you can show the terrain of the area by clicking the "Ter" as well.

You could even mark your property with it, like how we mark the location of our office in the map above.

P.S. If you have yet to use Google Map before, and you would like to know more about it, you might want to visit the following link:

http://maps.google.com/support/bin/answer.py?hl=en&answer=68259