PSBank Repossessed Cars.. Don't BUY!!!!

[Dudee]

Don't BUY from them... some units are have issues....

3-4 Weeks ago,my friend bid a picanto and won. After the payment and signing of contract and deed of sale, a photocopy of the cr and or was given to him. The manager told my friend that processing of papers will be done in a week's time, but my friend could take home the unit already, and so he did.

two days after, he brought the picanto to crame for macro-ecthing when surprisingly the unit have some issues... 3 o.r. and 3 c.r. registered to a single picanto.... bulaga talaga...the picanto was CONFISCATED.

So my friend went back to psbank to clarify the matter. PSbank manager told him not to worry, after a week all papers will be presented to TMG for clearance.... the manager guaranteed that IF the bank cannot clear the picanto's name, they are much willing to give a refund or at least give my friend the chance to bid for another unit... reasonable naman, di ba?

A week after then, NO DOCUMENTS CAN BE PRESENTED by the bank. The bank asked my friend if he could, at least, help the bank get the picanto back from CRAME and resolve the matter privately.

Back at TMG, they told my friend that the unit indeed have issues, and it would be best to return the unit to PSBANK. So the nest day, the picanto is now infront of PSBANK...

now here comes the problem.....

the MANAGER now declines in voiding the previous contract, and insist in the validity of the said bid or purchased agreement... wala daw problema ang picanto but yet they cannot face the TMG kasi PROBLEMA NA DAW YUN NG BUYER.... is this how BANKS work? All promises made were denied as if no words came out of their mouth.

Ordinary People like us, would prefer to buy units from banks rather from an agent or kahit na from 2nd owner due rampant papers probleams, di ba? pero pati Bank ngayon, nanloloko ng tao...

well I heard ... my friend and his lawyer are now preparing to file cases against PSBANK. Madami pa daw units dun na may problema sa papeles.

to all people, warning na ito...Don;t buy units from PSBank...

btw, If anyone can help/ share some lights or info to resolve this matter,, pls do leave a msg here... thanks

[shadow]

ok yan, idemanda niya sigurado panalo siya dyan at baka brand new hyundai Sta fe pa ang ibigay sa kanya ng PSbank...

[CoDer]

Yep demanda na yan.

[1D4LV]

kung ako yan, i will get a lawyer. medyo madugong usapan yan.

[x-wind]

from what branch of PSBANK Sir if me I ask

[Altis6453]

Sue the bank. They were supposed to sell you the car free and clear of all encumbrances --- and there's an implied warranty that they own the car which they are selling to you.

[ThePatriarch]

hmmm, kasama sa implied warranties ng seller yan... that the car is free from any liabilites and encumbrances before the sale... clearly negligence yan ng bank who should exercise extra ordinary diligence... laki ng damages na makukuha nung aggrieved party dyan... isama na rin nya yung bugoy na manager na kausap nya! good luck

[Galactus]

Suing the bank will be a very costly and time-consuming matter. If your friend doesn't have deep pockets or well-entrenched connections, he'll be regretting his decision later. Just use the lawsuit bogey as leverage. Believe me, been there, done that. I even have the battle scars to prove it, hehehe

A better option would be to go public. Marami namang public service shows diyan, Bitag, XXX or Imbestigador. Tutal, your friend has a very strong case. Sama mo na rin ang DTI. Para masapubliko na rin yung pangalan ng manager dun sa PSBank. I'm quite sure, titiklop sila. No bank wants bad publicity, esp. if the gripe is valid.

[c_cube]

^^^ + 1 .. mahirap kalaban ang isang malaking kumpanya o tao, kaya epa media na yan

[batangmahal]

spread this news sir, for everybody's info and enlightenment. this is a serious predicament!

[Dudee]

My friend plans to go to media muna then file a case against PSbank, I told him na mahaba talaga sa processo nito, but then he said matigas daw talaga ang manager (assistant manager yata), clearly the unit has a problem, ayaw ba daw ibalik ang pera and still insists in the validity of sale...

The head office in makati ang kausap nya.. I also informed the PSbank manager near our area, they will help by bringing the matter up to the board kasi ayaw nila ng bad publicity din...

IMO, suntukan na lang.... kung sinong matalo, bayad lahat... hahahaha

I personally plan to bid a unit at PSbank, pero with this situation, mahirap na talaga...

[xer]

sir ano pong branchng ps bank? tama po ba na ang psbank is subsidiary of metrobank?

[Hanren]

Pwede bang kasuhan ang PSBank ng accessory to the crime of carnapping (well, paano magiging tatlo ang or/cr niyan unless hindi na carnap di ba?)

Siguro its only on the midlevel management yan at hindi alam ng higher ups ng bank. Go to the media (XXX, imbestigador) - sure hit yan dahil kailangan din malaman ng iba ang karanasan ng friend mo. Sasamahan ka pa nila sa TMG Chief at sigurado mapapabilis ang usapan.

The damage is done. Your friend may charge this to experience pero paano naman yung iba pang unsuspecting victims?

Saka i check nya mabuti yung pinirmahan niya. The bank manager might be holding an ace against your friend dahil dun sa pinirmahan.

[basti08]

friend ko jan namimili ng oto hehehe...mura kase, dami nga Picanto at Spark jan at bara bara lang nila iparada kahit magsagian na yung mga oto. Sa Amang Rodriguez yan in Pasig. If I were your friend, try to have it settle by the bank first. Pag di nila na ayos na malinis ang papeles ng Pica, then expose sa media then sue the bank bago sya ang mademanda sa gulo ng papeles ng kotse nya. hehehe

Goodluck.

[Autobeat]

Thanks for the info. Was it possible to have the unit checked first at TMG before final payments are made?

[Dudee]

Dun na yata sa amang rodriguez ang area din..

THE BEST WAY TO DO IT and POSSIBLE is to get clearance muna of the unit before mag-bid.. para walang problema.

In this case, who could ever expect a problem like this can occur in bank. Akala ko din nga mga units ng bank, malinis ang papeles, di ba?

I think sa mid-level management ang kausap ng friend ko, the mid-level doesn''t want daw to get the pica back and insists on the sale.... Buti nalang, at earliest time, pina-TMG ang pica, kungdi, he could never have known.

I think, para walang gulo, PSbank should take responsibility on this case, dahil sa kanila na binili ang unit, di ba?

[Memphis Raines]

Thanks for the warning Dudee. Will advice everyone about this.



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[Dudee]

As of today, june 2, 2008. My friend have resolved the problem na raw. Nakausap nya ang high level management, mabait at maayos naman sila, unlike yun mga taga lower-level pipol... good thing di na lumaki ang gulo...

[roninblade]

so ano naging resolution sa issue? anong action ang ginawa ng bank?

[Dudee]

The bank got the picanto and ask my friend to bid for another unit.