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 If Bank Lelong my house, what is the impact on me?

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Humanoid
post Sep 20 2019, 06:24 PM

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just wondering if defaulted the loan, but ur hand got other property still serving loan, and some paid off... bankruptcy the bank will take all ur asset (including ur car) away, or just the defaulted loan property only?
Humanoid
post Sep 23 2019, 02:53 PM

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QUOTE(DiRecToRofSaTaN @ Sep 21 2019, 12:46 AM)
Correct you will start of Zero or ground Zero all Asset under your name will be ceased and confiscated from the bank.

But then again there is always GoKL Bus which is free of change for you to roam around KL>
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even joint name also or even fully paid property? wa thats crazy
Humanoid
post Sep 26 2019, 11:45 PM

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QUOTE(triple02 @ Sep 23 2019, 03:12 PM)
of course laa...bank will auction off the fully paid property to pay off whatever owed to them what  drool.gif
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as long as cover off the debted property, then fully paid property wont be auction off liao is it work that way?

is it calculated based on the property price according to SPA price or price include interest ar?

 

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