Do the banks have to take the brunt of unsold lelong units...? I am talking about the ones that we have been posting here, ones that have made into the auction houses for the 4th/5th time before they are sold, usually way below market value... and if they were sold below the loan outstanding amount, who is responsible to repay the banks, or do the banks have to write these debts off? bad debts? What about the borrower? As they failed to return a substantial amount (was it above RM50k?) to the bank, would they be sued for bankruptcy? This is a little beyond me, as I am usually only at the forefront of the transaction.