If u are the members of NTUC INCOME,your pocket may be
affected
by this mortgage court case of 1.2 million!!
INCOME is going to take possesion of this property
and is taking action to recover outstanding some S$1,200,000
arising from a mortgage agreement dated 1999.
INCOME is the lender,of course or mortgagee.
Read today ST NOTICE section.
I dunt know why this Co--operative became a bank like
operator,considered a little bit risker!!
INCOME does not grant house loan any more.
But INCOME still write mortgage insurance which i strongly
suggest u buy even u dunt eat lunch once in a while.
Why granting
loan
Even mortgage activity is allowed under the constitution
of INCOME,was it prudent act as a bank to grant mortgage?
Mortgage activity is high risk activity
and INCOME is a co--operative society?
