Real estate

Bank explains seizing wrong house, holding talks today

GOVERNMENT Savings Bank last evening (Oct. 3) clarified the seizing of a wrong house in Pathum Thani on Sept.5 pointing out that it had apologised to the owners and had renovated it for resale prior to the mistake being discovered, said.

The bank said it had purchased house number 99/44 located in a housing estate at Lat Lum Kaeo subdistrict, Mueang district, at an auction for 1.6 million baht. After that it had hired an external contractor (outsource) to renovate it for resale without demolishing the structure in any way.

However the contractor by mistake moved into house number 99/38, which was unoccupied by the owners, removed all their belongings and proceeded to renovate it. 

The bank said this was so because both houses looked similar and neither had number plates attached. 

The contractor has now completed the renovation with this leading to significant change to the house.

Prior to renovation the contractor had moved many items from the house with the bank having stored them away. Officials of the bank have been holding talks with the owners and apologised for the error while also stating they had around 20 items to return to them including a CD player, a wooden table and books. 

Despite this the owners refused to take their belongings back and insisted on 2.2 million baht compensation. The bank said they will be holding talks with the owners today to consider their claim and estimate the damage.

The couple’s lawyer Mr. Ronnarong Kaewpetch, chairman of the Network to Reclaim Justice, said bank officials had mentioned that some of the assets were kept in another location but others had been destroyed, such as clothes, old books, pictures and collectables, including their children’s belongings which have sentimental value and cannot be replaced.


Top and Insert: Images from Government Savings Bank showing the house seized in error prior to renovation on the left and after the work was completed on the right. Credit: Thai Rath

Below: The house that was wrongfully seized by a bank. Photos:

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