Hello, I'm Whee-sung's mom. Last time… She is speechless. Suddenly, without knowing… My house in Korea was auctioned off. I've been talking about this for a while. I didn't want to talk about this because it wasn't a good thing. However, I thought there would be few houses without mortgage loans. So I hope this story will be of any help. In the case of mortgage loans, it is possible. That's why we have to be really careful about mortgage loans. I also wonder if the bank is doing that on purpose. The best way? I also talked on the phone with an acquaintance in the Financial Supervisory Service. Why did that happen… and… I don't know if it's possible without me knowing… I'll tell you how I solved it. And there's a fact that we really didn't know. I will tell you about them.
How much was it delayed? The mortgage that we're working on… The monthly interest is about 250,000 won ($200). It's not that big of an amount. But it was delayed for two months without me knowing. The bank held an auction because it was overdue. Why is it delayed? We just had an account to pay interest. But we didn't check the transfer details. That's our first mistake. But there's another thing I didn't know. If the transfer is delayed… Interest increases to $500. So the transfer was not done properly for two months. Didn't you get a call? But we haven't received any contact.
We don't use Korean USIM. However, they said they sent text messages to their Korean phone number several times. So I asked them to check whether they received a text message or not. But they say they don't care about it. They didn't send me any mail about the auction. I also asked about it. They said they didn't send me any mail. They even sent mail to the wrong place. This is what I think. It's as if they're doing it on purpose. It is said that if it is delayed for two months, the bank can proceed with the auction.
They are said to have proceeded legally. How did you know about the auction? When the auction proceeds, they contact the tenant. They sent mail to the tenant. We were informed of the fact after being contacted by the tenant. We called the bank call center right away. They said that it would be solved by paying interest only interest. So I asked if that would solve it. And immediately transferred. I asked to contact you by email or other means in the future. I had to talk to another department for that. But they told another story. What the bank manager said… He told me this for the first time. He said he wasn't interested in us being abroad. And he said the auction may have already been carried out. And I heard a shocking story. He said he had already been accepted on August 6.
We found out about this on August 12. It has only been four days except weekends. But since it's already been done, I had to withdraw it separately. So I asked what would happen if I didn't do it. I was really frustrated by this. What if I don't cancel it? After stopping the loan, After urging them to repay the principal, But if it's not repaid, At that time, I thought it was going to be handed over to the auction. But it wasn't that. During the auction, the loan will continue. Interest continues to be claimed until the successful bid is made. After being auctioned off at a bargain price, They return it to me except for principal and interest. I don't understand at all. The best way was to withdraw as soon as possible. The auction is canceled. All the expenses for the auction were up to me. I had to pay all the money and withdraw it. How much is that? How much do you think it will be? This is a painful memory. It was about $2,800. We had to pay both that and interest. I had to pay more than twice the overdue interest.
It's just the cost of withdrawing the auction. I also asked the court for this. I protested against injustice. They wouldn't listen to my story. It's just one of many cases. They just said they'd take care of it quickly. We mobilized all the connections. I spoke to an acquaintance working at the Financial Supervisory Service. He told me like this. He said mortgage loans can do these ridiculous things.
So we have to be really careful about this. They can at least do so with interest. In the past, it was impossible to auction without the confirmation of the parties. But now the law has changed. What if you have a mortgage? You have to manage interest thoroughly. This can happen even in a month or two in arrears. We were so angry and absurd at first. We couldn't understand why we had to. We paid back the overdue interest right away. What's the best way? Even if we pay back the interest…
They are not obliged to withdraw the auction immediately. In order to solve it as well as possible, You should not fight them. At first, Whee-sung's dad was angry and tried to fight them. But we had to solve it well. Fortunately, I was able to withdraw immediately and get some refunds. If this happens… It is best to withdraw as soon as possible. That way, the damage can be reduced. And the bank we used is NH Bank. The same will be true of other banks. In these difficult times, they are said to have grown rapidly. During hard times like these days… There are many difficulties. It's sad… No one should go through the same thing as us.
I hope it will be of any help. So I talked like this. We have no income because of Covid. That's why I'm sadder. I hope everyone gets along well without any unfairness. You have to be healthy no matter what. See you again. This is the rock powder sent by grandmother for grandson. Thank you, grandma. It is made by stirring for 30 to 40 minutes. Thank you. Please subscribe and like..