SHAH ALAM, Oct 12 ― A disabled man was able to save his home from repossession after Parti Sosialis Malaysia (PSM) petitioned a bank on his behalf.
The bank had attempted to foreclose on G. Sundaran's apartment after he became delinquent in servicing his mortgage for RM39,400 due to a motorcycle accident.
He had been waiting for his insurance payout and disability status when the bank sought to auction off his apartment.
“We wrote a letter to the bank. They apologised for what happened. The bank has taken responsibility to contact real estate agency to get back the house.
“The bank convinced and negotiated. They also discussed and expedited claims with insurance agents,” PSM secretary-general A. Sivarajan said in a press conference today.
Sivarajan added PSM will send a memorandum to Bank Negara Malaysia (BNM) on the matter, claiming that there were more cases like this.
Sundaran and his family today expressed delight at the bank's position and thanked the PSM for the aid.