Thus, the risk from the mortgage lenders property is real estate project will be huge, because the Bank has disbursed twice for two different loans that only one of the secured property.
For Office building projects, apartments ..., although investors have big capital to prepare, then still have to depend on the credit capital in medium and long term. , The nation's growth thanks to an important part of the growth of outstanding credit with reverse mortgage lenders that portion of outstanding credit growth generally tied to the real estate growth.
The problem is that when funding for real estate projects, risks that banks face? In the case of this loan, the borrower secured assets taken on mortgage assets is formed by loan source: property from the project. This is the huge accounting in Bank's loan structure and of the whole economy. Secured property which can be work, the building form in the future and be priced according to the structure of capital: total assets, investment estimation, estimation of exploitation ...
The property business projects usually targeted the Office buildings, apartments and aims to sell or lease. Many cases the owner recommended the Bank to support sales through stitching closed process is the combined bank loans to buy the product owner's property project by reverse mortgage information consumer credit products for the home. In this case, the customers bank loan to purchase flats and secured property is the main apartment. As such, a property but the owner and the same home loan mortgage.
Not to be mentioned, there are cases that suppliers and contractors back to mortgaged property was merchandise, materials like cement, iron and steel, elevator ... and the main repayment source is sales revenue from the project. When a borrower cannot afford the payment, the Bank conducted sweeping debt, collateral is the processing of materials, goods. But when the mortgage loans project, the entire material, the goods have to be calculated form the value of the project in the previous refinancing a mortgage. Computer, the same secured property where the value for loans based on collateral has been multiply folded 2, 3 times.
The fact noted, have suggested getting Bank loans for a project, have estimated hundreds of billions Dong. The legal procedure of the project has been completed, the owner has a permit to build and banks have loans with secured mortgage prequalification property is the entire project. After being disbursed, the owner sold the apartment project in the form of capital contribution. Those who contribute capital also is a part owner of the project.
Upon discovery of this, the Bank has halted disbursements and debt collection proceeding before maturity, the obstacles of mortgaged property, leading to the Bank's guaranteed assets no longer. Banks face new dispute.
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