What type of legal action can bank take against me if I was not paying
16-Aug-2023 (In Banking / Finance Law)
What type of legal action can bank take against me if I was not paying the Mortgage loan and sold out the mortgage property.
The bank can seize and sell of the property, and further initiate recovery case against you for any balance and interest going unrealised despite the sale of property. Additionally, criminal cases can be lodged if bank feels that you are cheating them.
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