Siblings finally receive refund from home auction proceeds

Siblings finally receive refund from home auction proceeds

Sisters say bank underpaid on promised amount, aside from delaying the payment by five months.

auction-hosue
PUCHONG:
After waiting for nine months, siblings who had their home allegedly auctioned off by the bank without their knowledge, have finally received part of the proceeds.

Lee Kum Yoke and her younger sister Kum Loy, told a press conference at the DAP Kinrara office here today that they had received a sum of RM81,223 from the sale of the apartment by the bank.

“Finally, after months of waiting we received the money, and even then it was not the RM90,000 that was initially said would be given,” Kum Yoke said.

Their apartment was sold for RM106,000 on Dec 7 last year, with the bank promising to refund the balance of RM90,000 in three months.

However, the bank failed to fulfil its promise, as not only was the payment made on Aug 30, the siblings only received the RM81,223 refund balance.

She said they felt bullied by the bank as they were not paid on time and were not given the initial sum promised.

She also claimed that the bank had informed them that the deduction was made due to auction fees and other significant charges that were required to be paid.

Lee said they had only found out their home had been auctioned off when the new owner appeared at the door in December last year giving their brother the order to vacate.

Kinrara assemblyman Ng Sze Han who assisted the siblings said the family had demanded the bank show proof that notices were sent to their home on the auction.

“They (bank) showed the Pos Laju receipt that was allegedly signed by their brother, but their brother had been out on that date and neither was it his handwriting on it,”Ng told reporters here today.

Ng said both receipts of the notices that were sent had the same handwriting, even on one receipt that required three signatures.

“Why would the postman require that many signatures if the letter was delivered?” he questioned.

Ng said the family has decided not to pursue the matter further despite the alleged wrongdoing of the bank.

“The legal fees and the long wait is not something they are keen on going through as they would need to take on a bank,” he said.

The apartment in Seksyen 4 in Kinrara, Puchong was auctioned off in September last year because the siblings owed the bank an outstanding payment of RM1,100. The bank took the measure after the amount was not paid for three months.

Man claims bank auctioned off his home over RM1,100 loan

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