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Scammed out of home | Borneo Bulletin Online

Scammed out of home | Borneo Bulletin Online
borneobulletin.com.bn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from borneobulletin.com.bn Daily Mail and Mail on Sunday newspapers.

Debt, suicide, fraud: South Koreans hit by real estate scams

For a decade, Park Hyeon-su lived in a windowless micro-apartment in Seoul, working double shifts and saving every penny for a deposit on a nice home.To repay his original bank loan, Choi took out high-interest credit card loans and sold off his stocks, working gruelling shifts in restaurants and living on cheap food to save cash.

Debt, Suicide, Fraud: South Koreans Hit By Real Estate Scams

Debt, Suicide, Fraud: South Koreans Hit By Real Estate Scams
ibtimes.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibtimes.com.au Daily Mail and Mail on Sunday newspapers.

Real estate fraud hits South Korea hard, victims struggle with debt, depression

Many tenants take out bank loans to cover the huge jeonse deposit, intending to repay once they move out and the money has been returned. But after they ve been scammed, they re still on the hook to the bank

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