home loan settement

Querist : Anonymous (Querist) 13 May 2011 This query is : Resolved
Hi
we have taken a home loan of 40L and paid around 6 months after that my husband lost his job due to recession and we could not repay the loan. we have handedover the property to the bank before they could ask. and finally Bank sold the property fro 35L after 1 year and now asking us to pay 9 lacs.also filed a checked bounce case.
And we went to the bank saying would be able to pay only 3L and not more than.
They are asking us to pay 9L which is highly impossible.
Can someone help us what can be done at our end.
Also wanted to know what kind of actions can Bank take at this moment.

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adv. rajeev ( rajoo ) (Expert) 13 May 2011
Go for one time settlement.

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