HDB Forcing Loan Defaulters To Sell Their Flats

[sgnewsalte]

http://www.findsingapore.net/forum/viewtopic.php?t=10074

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</td></tr> <tr><td> </td></tr> <tr><td nowrap="nowrap"> <table class="profileline" width="100%" cellpadding="3" cellspacing="1"> <tbody><tr><td class="profile" align="left" nowrap="nowrap">Joined: 26 Apr 2005</td></tr> <tr><td class="profile" align="left" nowrap="nowrap">Posts: 3163</td></tr> <tr><td class="profile" valign="middle" align="left">Location: Singapore</td></tr> </tbody></table></td></tr> </tbody></table></td> </tr> </tbody></table></td> <td width="5" background="./templates/Athena/images/post_right.gif">

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Recently, heard of 2 such cases.

Somebody I know told me that they kenna pressurised by HDB to sell their flat in the open market or else HDB would buy it back at HDB's valuation price.

During such a difficult time, when more and more Singaporeans are out of job, in debts. Instead of getting a helping him from our govt. HDB is pressurising these poor souls. Their actions would put these poor souls in a deeper shit position and mental stresses.

These loan defaulters, after selling off their flats and paying off the arrears to HDB, there is practically nothing much left from the proceeds.

Whatever withdrawn from CPF for the flat would have to pay back with interests.

So, some may not even able to buy a 3-room flat.

Some may be made homeless.

Some may even have to find cash to top up the shortfall.

Wonder why during such a difficult time, HDB is pressuring these people

 

[jim007jimmyboy]

wat soul u tolkin about

PAP are Satan

 

[besotted]

Please lah, a lot of people buy without thinking whether they can afford, then assume that HDB will allow them to stay forever

If everyone can stay on without paying and get away with you, more and more will default

It is called MORAL HAZARD

HDB must do the right thing, give them time and give them downgrading option but cannot allow them to stay forever

 

[eErotica69]

Selling flat? What size. If defaulters are keeping their Exec or 5 room flat, then they should sell and downgrade!

 

[Ah Guan]

Pity the next buyer who take over their units

Sure get harassed by loan sharks

 

[po2wq]

no moni? ... f-o 2 jb ...

 

[nickers9]

Please lah, a lot of people buy without thinking whether they can afford, then assume that HDB will allow them to stay forever

If everyone can stay on without paying and get away with you, more and more will default

It is called MORAL HAZARD

HDB must do the right thing, give them time and give them downgrading option but cannot allow them to stay forever

What happen to the precious word 'GRACIOUS' that Wooden Goh Chok TOng kept preaching to us all these years?

Dont tell me that Goh Chok Tong only preached 'GRACIOUS' to the Sinkgaporeans and not to the PAP dogs and cats?

 

[UpYoz_olo]

http://www.findsingapore.net/forum/viewtopic.php?t=10074

<!-- left row table end --><table width="100%" border="0" cellpadding="0" cellspacing="0"><tbody><tr><td valign="top" width="100%" align="left" background="./templates/Athena/images/post_bg.gif"> <table width="100%" border="0" cellpadding="4" cellspacing="0"><tbody><tr><td valign="top" align="left"> <table width="100%" border="0" cellpadding="0" cellspacing="0"><tbody><tr><td>patgoh</td></tr> <tr><td>Moderator</td></tr> <tr><td>

</td></tr> <tr><td> </td></tr> <tr><td nowrap="nowrap"> <table class="profileline" width="100%" cellpadding="3" cellspacing="1"> <tbody><tr><td class="profile" align="left" nowrap="nowrap">Joined: 26 Apr 2005</td></tr> <tr><td class="profile" align="left" nowrap="nowrap">Posts: 3163</td></tr> <tr><td class="profile" valign="middle" align="left">Location: Singapore</td></tr> </tbody></table></td></tr> </tbody></table></td> </tr> </tbody></table></td> <td width="5" background="./templates/Athena/images/post_right.gif">

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Recently, heard of 2 such cases.

Somebody I know told me that they kenna pressurised by HDB to sell their flat in the open market or else HDB would buy it back at HDB's valuation price.

During such a difficult time, when more and more Singaporeans are out of job, in debts. Instead of getting a helping him from our govt. HDB is pressurising these poor souls. Their actions would put these poor souls in a deeper shit position and mental stresses.

These loan defaulters, after selling off their flats and paying off the arrears to HDB, there is practically nothing much left from the proceeds.

Whatever withdrawn from CPF for the flat would have to pay back with interests.

So, some may not even able to buy a 3-room flat.

Some may be made homeless.

Some may even have to find cash to top up the shortfall.

Wonder why during such a difficult time, HDB is pressuring these people

Ho liao lah! Talk come talk go is also these type of things...KNNCCB, cannot make it can always go to the MRT tracks, fly down from HDB 40-storeys etc...
Tiu lei loh moh......


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