0
What is the procedure for bank undertake a property for non repay loan in India?
Wiki User
∙ 11y ago
First the bank remain about the amount repay to their customer, secondly the bank remain the last date for repaying loan to the customer, thirdly the tell to customer like if not repaying will in court and last but not least the bank post a letter like they have applied in court for repaying the loan.
then they can follow the courts procedure.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What is a lien on the property that secures a promise to repay the loan?
Mortgage
What is a lien on the property that secures the promise to repay a loan?
Mortgage
What is a lien on a property that secures the promise to repay the loan?
Mortgage
Is it possible to get a new mortgage on a mortgage free home without income verification?
That is not likely. The main factor in being approved for a loan is not whether there is debt on the property but whether youcan repay the loan. The lender will verify your income to make certain you have the ability to repay the money they loan to you.That is not likely. The main factor in being approved for a loan is not whether there is debt on the property but whether youcan repay the loan. The lender will verify your income to make certain you have the ability to repay the money they loan to you.That is not likely. The main factor in being approved for a loan is not whether there is debt on the property but whether youcan repay the loan. The lender will verify your income to make certain you have the ability to repay the money they loan to you.That is not likely. The main factor in being approved for a loan is not whether there is debt on the property but whether youcan repay the loan. The lender will verify your income to make certain you have the ability to repay the money they loan to you.
What is loan recovery?
When a loan has been taken by a person from a bank then he has to repay it according to the EMI fixed by the bank but if the person has failed to pay the EMI regularly for a fixed period then the account is named as NPA and after that bank start recovery procedure means to take back his loan amount from the mortgaged property of the person according to the procedure of SECURITISATION ACT.
Which of these is a lien on the property that secures the promise to repay a loan?
mortgage
What is a lien on the property that secures a promise to repay the loan?
Mortgage
What is a lien on the property that secures the promise to repay a loan?
Mortgage
What is a lien on a property that secures the promise to repay the loan?
Mortgage
Is it possible to get a new mortgage on a mortgage free home without income verification?
That is not likely. The main factor in being approved for a loan is not whether there is debt on the property but whether youcan repay the loan. The lender will verify your income to make certain you have the ability to repay the money they loan to you.That is not likely. The main factor in being approved for a loan is not whether there is debt on the property but whether youcan repay the loan. The lender will verify your income to make certain you have the ability to repay the money they loan to you.That is not likely. The main factor in being approved for a loan is not whether there is debt on the property but whether youcan repay the loan. The lender will verify your income to make certain you have the ability to repay the money they loan to you.That is not likely. The main factor in being approved for a loan is not whether there is debt on the property but whether youcan repay the loan. The lender will verify your income to make certain you have the ability to repay the money they loan to you.
What is loan recovery?
When a loan has been taken by a person from a bank then he has to repay it according to the EMI fixed by the bank but if the person has failed to pay the EMI regularly for a fixed period then the account is named as NPA and after that bank start recovery procedure means to take back his loan amount from the mortgaged property of the person according to the procedure of SECURITISATION ACT.
What is a loan recovery?
When a loan has been taken by a person from a bank then he has to repay it according to the EMI fixed by the bank but if the person has failed to pay the EMI regularly for a fixed period then the account is named as NPA and after that bank start recovery procedure means to take back his loan amount from the mortgaged property of the person according to the procedure of SECURITISATION ACT.
Can you refinance without a o-signer if he doesn't even pay for his half of the mortgage?
Yes, as long a you meet the lender's requirements for ability to repay on your own. However, if he is also on the title he must transfer his interest in the property to you.Yes, as long a you meet the lender's requirements for ability to repay on your own. However, if he is also on the title he must transfer his interest in the property to you.Yes, as long a you meet the lender's requirements for ability to repay on your own. However, if he is also on the title he must transfer his interest in the property to you.Yes, as long a you meet the lender's requirements for ability to repay on your own. However, if he is also on the title he must transfer his interest in the property to you.
What is the purpose of a lien when you get a secured loan?
To let lenders take back property they financed if you don't repay your loan
Can a bank take your personal property if you can not repay a line of credit?
Yes if it is charged to the bank. Otherwise through legal proceedings.
If I dont pay my property taxes what will happen to me?
The government will file a lien against your property. You usually have a set time period to repay the back taxes after that happens. If you don't, then the government can foreclose on your house.
Can you still REPAY MY PROPERTY TAXES EVEN IF IT HAS BEEN SOLD AT TAX SALE?
Check to see what the period of redemption is in your state. You may have a year to redeem the property by paying the taxes and associated costs and interest.
