Impersonate the banks to liquidate real estate
Recently, many brokers have benefited from the fact that banks have resolved bad debts by auctioning a series of real estate projects to launch more advertisements for clearing land. However, when liquidation of assets, banks will post public information on their official website, in the media and make auctions as required.
Lawyer Le Nguyen The Hung– Chairman of Vega law firm, said that the use of the banking brand-image to get incorrect information and cause confusion, is resembled a deception on buyer. So, besides the authorities shall examine and handle these cases in accordance with law, the banks are being impersonated that should warn the people as well as protect its brand, and buyers need to find out project information and examine legality real estate before making a decision to buy it.
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