LawRato

Bank delaying the foreclosure procedure


02-Jan-2023 (In Recovery Law)
What can be done if ur bank is delaying the loan foreclosure procedure by giving vague reasons n wasting a month and half even after repeated requests?
Answers (2)

Answer #1
879 votes
Send one legal notice to the bank alongwith your all details related to loan , if bank still not do the same you can file a complaint before banking ombudsman or consumer court with regards to this , 1st you can hire any lawyer for sending a legal notice
Helpful? LawRato43+ LawRato
Advocate Manindra Pandey

Adv. Manindra Pandey

LawRato Mumbai | 100+ Answers
Chat with Advocate Manindra Pandey Chat 
Answer #2
605 votes
You can only request the bank for the letter and mark RBI a copy of that letter to create pressure upon the bank Meet the manager and enquire if the bank is actually interested in giving any foreclosure letter
Helpful? LawRato50+ LawRato
Advocate Garima Anil Mehrotra

Adv. Garima Anil Mehrotra

LawRatoMumbai | 700+ Answers
Chat with Advocate Garima Anil Mehrotra Chat 

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?

Connect with top Recovery lawyers for your specific legal issue
Connect with a Lawyer
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."

All Answers

Googling your legal issue online?

The internet is not a lawyer and neither are you.
Talk to a real lawyer about your legal issue.

LawRato