Housing Loan: We are loosing our house soon

236 Views  ⚫  Asked 1 Year Ago
asked on Sep 21, 2017 at 23:56
edited on Oct 16, 2017 at 08:17
My dad has been sick after he had a stroke 6 years ago and unable to work. Since then I moved back and help them with housing payment and debt... too much debt that we when to AKPK last year to ask for help.

We sent document to the bank to let them know that we can't pay the full sum but only the minimum sum of RM500 monthly... but it seems the bank ignored our plea and keeps harassing my parent for the payment and even planing to auction our house.

I'm at my wits... I was hoping AKPK could help which they did but the bank ignored our plea... I don't know what else I can do... We don't want to loose this house.
0 had this question
Me Too
0 favorites
[ share ]
3 Answers

answered on Sep 22, 2017 at 00:10
edited Oct 16, 2017 at 08:19
The house is in how many names?
How did AKPK help you?

but it seems the bank ignored our plea 
Bankers are robots answering machines. Don't waste time.

What makes you think you would lose the house?
How old is your dad?
0 found this helpful

answered on Sep 22, 2017 at 12:15
Does the house have a title?
If anybody from the bank comes asking the borrower or house owner to sign a document, do not sign it!
Just say that the person is not in.
This will buy you a few more months time as the Order For Sale cannot be entered by the High Court unless the borrower personally receives that document.
0 found this helpful

answered on Sep 22, 2017 at 22:27
edited Oct 16, 2017 at 08:20
Sometimes it would be wise to give up the house if the debt is too high and above the RM50,000 bankruptcy threshold bearing in mind this is a stroke victim and may not respond well to lawsuits (if any).
0 found this helpful

Your Answer

By posting your answer, you agree to the privacy policy, cookie policy and terms of service.