The land I bought is not mine! The woman seeks justice from Cathay Cai Chennan! Civil lawyer Li Yusheng explained.

I bought the land but it’s not mine! The woman seeks justice from Cathay Cai Chennan!

Reported by Zheng Huiliang, Liang Hongzhi, Lin Zhichun, and Li Qiting/Taipei City

News link:https://news.cts.com.tw/cts/life/202211/202211072107589.html

The famous Ms. Chen in Taipei City spent 21.8 million in the 1980s on the former Cathay Trust Investment Company chairman Cai Chennan and his wife, buying land in a prime road section in Xindian Mountain District, New Taipei City. However, after more than ten years, it was harvested. After arriving at the court auction notice, I checked the land transcript and discovered that the land has been "mortgaged" since 1972. The amount is as high as 240 million, and the debtor who set the mortgage is still Cai Chennan himself, but because The mortgage has not been cancelled, so it can only sit idle. This year it will be subject to foreclosure again. Ms. Chen has hired a lawyer to handle it, and Cai Chennan also responded through his lawyer that he would be willing to assist.

Civil lawyer explanation

Lawyer Li Yusheng: "If you purchase real estate, although you will usually appoint a proxy to handle the transfer, you still need to carefully check the relevant land rights and building rights to confirm that the purchased real estate does not have mortgage rights, etc., to avoid rights and interests. Damaged."

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