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Profile funding case reached to DRT
26-Oct-2023 (In Property Law)
A home loan was taken on my profile in Noida. Where builder has to pay EMIs till possession.
Now builder is not paying the EMIs and not responding as well. Nobody is there on the site and office. Someone gave me a reference of a lawyer and he advised me to surrender. So he filed request for the same on behalf of me. Bank refused the request. Now the case is under DRT.
Now I realized that lawyer has given wrong advise for surrender.
Please advice what can be done. How can I get rid from this and my CIBIL score can be restored? I also want to change the lawyer.
Appreciate your advice.
Thanks
Sir,
I am handling the matters of Noida and Greater Noida builders and buyers both.
With due respect I want to tell that as per my knowledge there is no legal word in Banking Dictionary called Profile funding. It is the term which created by the lobby of funding agent and builders to gain Fund from fund.
I know the bankers are well aware with this and the clients/customers are also ready to take risk for some monetary gain provided by Builders/Agents.
Please note you signed the documents as buyer and took the loan for monetary gain over and above to your salary expecting the Industry growth
You are advised to discuss with complete document to find out the best solution for you.
Regards
Sanjeev Srivastava
Advocate
I am handling the matters of Noida and Greater Noida builders and buyers both.
With due respect I want to tell that as per my knowledge there is no legal word in Banking Dictionary called Profile funding. It is the term which created by the lobby of funding agent and builders to gain Fund from fund.
I know the bankers are well aware with this and the clients/customers are also ready to take risk for some monetary gain provided by Builders/Agents.
Please note you signed the documents as buyer and took the loan for monetary gain over and above to your salary expecting the Industry growth
You are advised to discuss with complete document to find out the best solution for you.
Regards
Sanjeev Srivastava
Advocate
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Adv. Sanjeev Srivastava
Ghaziabad | 25+ Answers
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