In the event of Homebase's bankruptcy, what will happen to your monthly deposits and home title? Let's explore this in our article.

Buying a house with Homebase in our Buy with Installment scheme is relatively new in the Vietnamese market. As a result, most of you wonder if there are any risks involved if we stop operating in Vietnam. Will your purchase rights be the same and can you still obtain the house title on time?

Find out the answer with us here in this article.

Homebase - An alternative homeownership solution

Buy with Installment allows you to buy and move in within just 1 working week, instead of having to wait for a long time. You can also avoid the common problems that are typical of buying property in the real estate market: Complex procedures, low mortgage rates, and strict criteria for obtaining a home loan.

We also alleviate the pains for foreign homeowners: How Foreigners Can Easily Own Property in Vietnam with Homebase

What if Homebase goes bankrupt?

Even when we can no longer support your buying journey, you should not worry about anything. Our investors, which are world-class institutions and experienced venture capitalists, will make sure that every term gets carried out thoroughly. In other words, they’ll take over the contract and fulfill any remaining obligations that Homebase has failed to. 

This is achieved by the co-investment contract and the title escrow contract at the beginning, where you, Homebase, and the investment fund’s representative jointly sign.

Homebase is invested by leading financial institutions, investment funds in the world and in the region. These organizations closely control Homebase's business activities and require monthly and quarterly reports to understand the situation. This ensures Homebase is still running effective, profitable businesses to continue accompanying customers.

Plus, it’s extremely difficult to declare bankruptcy given that Homebase is under the supervision of these global funds. They hold us to a high standard and prudence, checking in monthly to make sure that our transaction and revenue targets are met. Should there be anything wrong, they’ll require us to fix it immediately to get back on track, which makes a bankruptcy a highly unlikely event.

Will Homebase run away with my money?

Reputation and customer trust are Homebase's top priorities. As mentioned, we also need to build and maintain trust with the world's leading funds.

In addition, Homebase supports up to 90% of the initial value of the property. If we actually want to run away with your money, we’d have to abandon this amount of funding entirely. Also legally bound with the contract, it’s impossible for us to steal your money without dire consequences.

Once you’ve entered a contract with Homebase, all of your rights are intact.

Ready to own with Homebase?

To learn more about the buying and selling process as well as get any questions answered, please contact Homebase by phone / Zalo / Whatsapp (+84) 964 245 404 or email contact@gethomebase.com.

We’re delighted to support you!

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