Legal Question in Civil Rights Law in United States

I am an NRI home loan customer, my property is occupied by my family members and they are threatening that it is not my property. Now I have stopped paying EMIs . What will the Bank can do in favour of me. Will it have any impact on my NRI status ? Will the bank send the details to Embassy ?


Asked on 9/06/10, 1:34 pm

3 Answers from Attorneys
Cedulie Laumann Arden Law Firm, LLC

Where is the property located?

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Answered on 9/11/10, 2:21 pm
Alan Wagner Wagner, McLaughlin & Whittemore P.A.

if you have stopped making debt payments the property will be foreclosed sooner or later and you may face a judgment against you.

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Answered on 9/11/10, 2:54 pm
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

The bank may be concerned primarily with recovery of its dues; they may first try to recover from you personally and then by selling the mortgaged property; if the money is recovered, they may not chase you through the embassy.

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Answered on 9/11/10, 10:46 pm


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