Best Foreclosure Lawyers in Kuala Lumpur

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Azmi & Associates
Kuala Lumpur, Malaysia

Founded in 2000
200 people in their team
Malay
English
Chinese
ABOUT USAzmi & Associates is a full-service international law firm that was founded on the principle that we would succeed only if we deliver prompt, high-quality and cost-effective services to our clientele.We progressively strive to be a world-class corporate and commercial law firm,...
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Burton Tan, Syazwan & Co.
Kuala Lumpur, Malaysia

Founded in 2013
English
Burton Tan, Syazwan & Co. is a distinguished legal firm operating in Pontian, Johor, with a branch office in Pekan Nanas. Established on August 31, 2013, the firm is co-founded by Managing Partner Burton Tan, who brings a wealth of experience in various legal disciplines. Mr. Tan, called to the Bar...

Founded in 1980
English
Established in 1980, Manjit Singh Sachdev, Mohammad Radzi & Partners (MSSMR) has grown into a prominent Malaysian law firm, comprising over 50 lawyers . With its head office in Kuala Lumpur and branches in Subang Jaya, Klang, and Johor Bahru, the firm offers comprehensive legal services to a...
Wong Wei Fan & Co
Kuala Lumpur, Malaysia

Founded in 2013
10 people in their team
English
WONG WEI FAN & Co was established on June 2013 which the firm bring forth the revolutionized concept of a one-stop law office providing substantial range of legal services. The enthusiast one-stop law office concept's main objective is to be the legal service provider of choice for people,...
Ghazi & Lim Advocates
Kuala Lumpur, Malaysia

Founded in 1992
50 people in their team
Malay
ABOUT GHAZI & LIMWe are Ghazi & Lim, a legal firm established in 1992 and practising nationwide in Malaysia in all  disciplines  and  aspects  of  Malaysian  legal  practice . Presently  we  have  forty  lawyers, thirteen of  whom...
Kuala Lumpur, Malaysia

Founded in 1995
English
Raslan Loong, Shen & Eow is a distinguished Malaysian law firm renowned for its comprehensive legal services across various practice areas. The firm's team of seasoned attorneys brings extensive experience and in-depth knowledge to each case, ensuring clients receive tailored and effective legal...
Deol & Gill
Kuala Lumpur, Malaysia

Founded in 2000
English
Established in 2000, Deol & Gill is a distinguished Malaysian law firm renowned for its expertise in corporate and commercial law. The firm has been a pioneer in providing legal advisory services to the private equity and venture capital industry, offering extensive experience and commercially...
Izad Kazran & Co (IKC)
Kuala Lumpur, Malaysia

Founded in 2014
English
Izad Kazran & Co (IKC), established in 2014 and rebranded in 2018, has rapidly ascended as a prominent full-service law firm in Malaysia. With offices in Mont' Kiara, Kuala Lumpur, and Southkey, Johor Bahru, IKC specializes in Dispute Resolution, Corporate, and Real Estate law. The firm's...
How & Hospera
Kuala Lumpur, Malaysia

Founded in 2019
6 people in their team
English
Chinese
Malay
The firm is based in Mont Kiara, Kuala Lumpur. It is formed by Yvonne How and Nor Hospera Roswina, who already established their reputation individually as solution-driven advocates and solicitors for 13 years in the field of Litigation, Corporate and Conveyancing. The firm covers the area of...
Gibb & Co.

Gibb & Co.

30 minutes Free Consultation
Kuala Lumpur, Malaysia

Founded in 1892
50 people in their team
English
Malay
Chinese
The FirmGibb & Co is an established firm, that brings together the best people across our offices to provide a steadfast and staple array of legal services focusing on Client-Partner relationships.Our ValuesCompassionOur genuine care to help resolve problems lies in our compassion for the...
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About Foreclosure Law in Kuala Lumpur, Malaysia:

Foreclosure is the legal process through which a lender takes possession of a property when the borrower fails to meet their mortgage obligations. In Kuala Lumpur, Malaysia, foreclosure is governed by specific laws and regulations designed to protect the rights of both borrowers and lenders. It is important to understand these laws to navigate the foreclosure process smoothly.

Why You May Need a Lawyer:

There are several situations where you may require legal help in dealing with foreclosure:

  • If you are facing imminent foreclosure and need assistance in negotiating with the lender
  • If you believe your lender has engaged in unfair practices during the foreclosure process
  • If you want to explore alternatives to foreclosure, such as loan modification or short sale
  • If you need guidance on the legal implications of foreclosure on your credit and financial future
  • If you plan to challenge the foreclosure in court and need legal representation

Local Laws Overview:

In Kuala Lumpur, Malaysia, several key aspects of local laws are relevant to foreclosure:

  • Foreclosure proceedings are governed by the National Land Code 1965
  • A lender must follow strict legal procedures and provide proper notice to the borrower before initiating foreclosure
  • There are provisions for the redemption of the property during the foreclosure process
  • The High Court has jurisdiction over foreclosure matters, and legal disputes may be resolved through litigation
  • It is important to be aware of specific timelines and deadlines related to foreclosure actions

Frequently Asked Questions:

Q: Can I stop the foreclosure process once it has started?

A: Depending on your situation, there may be options to stop or delay the foreclosure process. It is recommended to consult with a lawyer who can assess your case and guide you on the best course of action.

Q: What are my rights as a borrower during foreclosure?

A: As a borrower, you have the right to be notified in writing about any foreclosure proceedings initiated by the lender. You also have the right to contest the foreclosure and present your case in court.

Q: What happens to my property if it is foreclosed?

A: If your property is foreclosed, it will be sold at auction to recover the outstanding loan amount. If the sale proceeds are insufficient to cover the debt, you may still be liable for the remaining balance.

Q: What alternatives do I have to foreclosure?

A: Depending on your circumstances, alternatives to foreclosure may include loan modification, where the terms of your mortgage are altered to make payments more manageable, or a short sale, where the property is sold for less than the outstanding loan balance.

Q: How will foreclosure affect my credit rating?

A: Foreclosure can have a significant impact on your credit rating, making it difficult to obtain future loans or credit. It is advisable to discuss the potential consequences with a legal professional and explore any available options to minimize the damage.

Additional Resources:

For further information and assistance with foreclosure in Kuala Lumpur, Malaysia, consider reaching out to these resources:

  • The High Court of Kuala Lumpur - (Website URL)
  • Financial Counseling and Credit Management Agency (AKPK) - (Website URL)
  • National House Buyers Association (HBA) - (Website URL)

Next Steps:

If you require legal assistance in dealing with foreclosure, follow these steps:

  1. Identify reputable lawyers or law firms specializing in foreclosure law in Kuala Lumpur, Malaysia.
  2. Contact selected lawyers to discuss your situation and schedule a consultation.
  3. Gather all relevant documents related to your mortgage and foreclosure proceedings.
  4. Attend the consultation and seek advice on the best course of action.
  5. If necessary, engage the services of a lawyer to represent you during foreclosure proceedings and protect your rights.
Lawzana helps you find the best lawyers and law firms in Kuala Lumpur through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Foreclosure, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Kuala Lumpur, Malaysia - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.