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1 month ago
I am paying home loan emi which is under my parents name. Now, they are sacking me from property. What I can do?
A.Dear Client,
If the home loan is sanctioned by the Bank to you against a secured asset owned by your parents and in case you stop the payment EMI against the said loan, the Bank will take the recourse of relevant law for attachment of the said secured assets for recovery of unpaid loan of the borrower. Such consequences may adversely affect you all and may change the minds of your parents to review their decision.
If the home loan is sanctioned by the Bank to you against a secured asset owned by your parents and in case you stop the payment EMI against the said loan, the Bank will take the recourse of relevant law for attachment of the said secured assets for recovery of unpaid loan of the borrower. Such consequences may adversely affect you all and may change the minds of your parents to review their decision.
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