Legal Question in Bankruptcy in India
Guarantor in mortgage loan
My father stood Gaurantor in my Uncle's mortgage loan and builder sold that property before allotment to another party. How can my father get relieve from this guarantee and is it advisable to file bankcrupcy as he is of 55 years and don't have property but resides at my grandparents property. Please help me out this as I am very much tensed due to this.
Thanks
5 Answers from Attorneys
Re: Guarantor in mortgage loan
Your statement suffers from some mistakes. Please re-write your problem with clear facts.
If the building sold the property before allotment, there should be no liability of mortgage ? And accordingly, the guarantor stand automatically relieved when loan has not been availed?
Please write all the facts clearly and separately.
Re: Guarantor in mortgage loan
Your statement suffers from some mistakes. Please re-write your problem with clear facts.
If the building sold the property before allotment, there should be no liability of mortgage ? And accordingly, the guarantor stand automatically relieved when loan has not been availed?
Please write all the facts clearly and separately.
Re: Guarantor in mortgage loan
Your statement suffers from some mistakes. Please re-write your problem with clear facts.
If the building sold the property before allotment, there should be no liability of mortgage ? And accordingly, the guarantor stand automatically relieved when loan has not been availed?
Please write all the facts clearly and separately.
Re: Guarantor in mortgage loan
We think that we can help you to solve your affairs forthwith, please send us your documents or write an detailed e-mail in order to notify the circumstance. We checked over the documents thereafter, we will return your added phone number,e-mail or address,as soon as.
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Re: Guarantor in mortgage loan
Query not clear.
Kindly repost your question.
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