hi all, this may sound like a stupid question but really want to know what will happen to your property if your bank close shop...
hi all, this may sound like a stupid question but really want to know what will happen to your property if your bank close shop...
Eh ... maybe no need to pay back?? :DQuote:
Originally Posted by Allthepies
Actually, ever got one agent tried to persuade me to consider loan from a local bank (prob his palm got greased by his bank officer fren lah) ... his reason: Local Banks r more stable .... thot if u put deposits then u need to worry rite?!?!!
;) ;) ;)
U asking this izit becoz of the reported low int rate offered by some unknown ah-neh bank huh?
yup so was wondering what will be the risks on the borrower side :)Quote:
Originally Posted by cheerful
Actually don't think that's a stupid ques at all .... afterall, we shld be concerned about wat's gg to happen to the lodged caveat ... ur ques is a valid one. Juz wondering if anyone can advise us :)Quote:
Originally Posted by Allthepies
Well, I think if the bank goes bankrpt, its creditors will force it to liquidate. Most likely the bank will be chewed up and its remaining pieces will be bought up by others. So your loan will just be transferred to the new financial institute.
the loan books of a dead bank is still an asset.
it will be sold off to the highest bidder and your legal obligation will be towards the new slave-master.
Waaa....if only can no need to pay back! :D Then I go take loan from those US banks which are closing soon. :pQuote:
Originally Posted by cheerful
Quote:
Originally Posted by azeoprop
ahhaha fat hopes ..
end up Temasek or GSic becomes the new owner ... then it will be even more hell
Heeheee ... of cuz BIG FAT hope lah ... dreaming only ... but I thot tt agent was kinda talking nonsense (as if we shld be extremely concerned abt this at all .. this is loan not deposit) ....Quote:
Originally Posted by azeoprop