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Surrender property under sarfaesi

(Querist) 11 August 2018 This query is : Resolved 
I\\\'m looking to surrender my property against home loan to the bank under SARFAESI Act voluntarily. I\\\'m unable to continue with the EMI and haven\\\'t got any buyers yet. No EMI has bounced yet, but it will from this month. How should I work with bank so they can take possession and proceed with auction? I understand my credit rating will fall because of this.
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Dr J C Vashista (Expert) 12 August 2018
Approach your banker to take possession of hypothecated property.

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