Legal Question in Banking Law in India
Sir i am guarantor in an unsecured loan...i have nothing asset on my name..but living in my deceased second father's house...i want to know if the borrower fails to pay the loan, can bank take this house into consideration via court, if yes,then how can i remove my attachment legaly from this house, because i dont want to involve my mother and younger brother into this...
Asked on 3/12/16, 10:27 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
13.03.2016
Dear Sir / Madam,
You should transfer the house from your deceased father's name to your mother's name.
Regards,
Answered on 3/12/16, 4:36 pm
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