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Default of bank loan by husband as coborrower and coowner


24-Jul-2023 (In Property Law)
What are the right of husband in a co owned property,bank loan defaulted showing medical depression as reason. I want to keep the propery as only half was loan ,remaining paid by me through cheque. Hindu
Answers (2)

Answer #1
730 votes
Dear Sir / Madam. Don't worry. It's possible. Can you paid lone amount, You need this property. Manoj kumar Ojha Advocate Orissa High Court
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Answer #2
923 votes
being a coborrower you have vicarious liability on the loan payment but still there are some solution but can be advised only after seeing the documents . being a coborrower you have vicarious liability on the loan payment but still there are some solution but can be advised only after seeing the documents .
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