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WThank you for you reply! Really appreciate it. The housing loan unfortunately doesn’t have a insuranceWThank you – i hope i can do this. Is there anyway to official do this? I only talked to one lawyer and they said I can’t do itWRandom people that are acquaintances of my father. The banks have valid documents so I know they are actual gurantors. I don’t know any of them but now they are trying to reach out to me.WThank you for your reply. No I was not guarantor on any of the loans, I only got to know about all the loans and debt after the bank and people around him told me.WThank you very much, I hope that is true – That is a big relief. There is also the matter of the 20lakhs that people stood guarntee for. I dont have that much savings to give. I would if I couldWI did check with the bank, and they said the home loan doesn’t have insurance. Ideally, I don’t want to touch the property – I heard there are many other unoffical loans he took out from local groups (not from bank) so not sure how far the debts extends. Also thank you for your continued response. I really appreciate it.WThank you for your response. I understand that is usually the procedure but heard they will go for very low amounts – wonder what would happen if the bank cannot get the loaned amount from its sell? – will it come to me?. Also, there are 7 people who stood guarantee for 7 different loads for a total of 20 lakhs.
Viewing 10 posts - 1 through 10 (of 10 total)