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Borrowing Money by Using the Red Book Owner's Name, at Risk of Having the Land Foreclosed by the Bank
Summary by TUOI TRE ONLINE
2 Articles
2 Articles
Having someone else stand in their name on the red book to borrow money from the bank, a family in Da Nang is facing the risk of losing their land.
(Dan Tri) - Mr. P. asked Tri to be the name on the red book to borrow money from the bank. After being authorized, Tri arbitrarily borrowed more than the limit for personal use and was unable to repay the debt. The owner of the property was at risk of losing everything.
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