LawRato

Unable to repay home loan bank collection agent harassing


07-Oct-2023 (In Banking / Finance Law)
I unable to pay home loan, PL, Local public credits I have only one home that what's in loan I haven't able to sell the property because of local public and bank collection agency I need good suggestions from permanently
Answers (1)

Answer #1
635 votes
Please discuss with your lending bank/financial institution, convince them of your genuine difficulties in repayment of the loan, and request them for an OTS. If you have no other financial asset, you may have to sell the property and repay your dues.
Helpful? LawRato LawRato

Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.

Report abuse?

Comments by Users

No Comments! Be the first one to comment.

"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."