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

auction

PETALING JAYA: An odd job worker is crying foul at a bank’s alleged act of auctioning off his home without his knowledge, over an outstanding loan of RM1,100.

The man, who wished to be known as Lee, complained to Kinrara assemblyman Ng Sze Han that the bank had failed to inform him that his apartment in Seksyen 4 in Kinrara, Puchong was to be auctioned off in September last year because he owed the bank RM1,100.

“He only knew his home had been sold when the new owner appeared at the door in December last year to give him the order to vacate,” said Ng.

The apartment was co-owned by Lee, who lived there, and his two sisters, who lived elsewhere.

Ng said that upon demand for proof that Lee had been informed of the auction, the bank had produced a document with three signatures indicating receipt of notice from the postman.

Lee claimed none of the signatures were his.

“Why would the postman ask for three signatures when he delivered the letter?” Ng asked.

Ng said the bank had also failed to refund the balance of RM90,000 from the sale of the apartment after deduction of the sum owed to the bank and miscellaneous charges.

“His apartment was sold for RM106,000 on Dec 7 last year and the bank promised to refund the balance of RM90,000 in three months.”

Ng said Lee had yet to receive the money.

Lee’s next step, Ng said, would be to file a complaint with Bank Negara next week.

“We want the central bank to look into whether the bank had committed any errors in the auction process,” he said.

Meanwhile, Ng said, Lee was evicted by the new owner and was now living in a rented room.