Read the loan agreement carefully. My loan agreement clearly stated bank reserve the right to reevaluate the property but did not state clearly whether they will call a margin or not. But If they reserve such a clause to adjust the valuation of the property in a later date, meaning they will take some measures to cover their back side, anyway it is not good the borrower when property price falls below outstanding loan amount.
Margin call on property, Does it exist in Malaysia?
Mar 16 2013, 08:55 AM
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