Arif Shaikh 16 January 2020

mortage loan on shop

sir,I have 1 mortgage loan on my shop and 3 personal loan But now my financial condition is very bad. I can't pay the money to bank.so can I give a letter to all bank so they sold my property to settled out my all lo
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3 Replies

SHIRISH PAWAR, 7738990900 (Advocate) 17 January 2020

Dear sir,

You can request bank for settlement and bank will recover money by selling property.

Regards,

ADV-JEEVAN PATIL, MUMBAI ( DEEMED/CONVEYANCE OF BUILDING) 17 January 2020

you can request only to those bank with which you have created mortgage to auction your property and recover his loan. personal loan you can personally pay of remaining balance auction money due to you.
ADV.JEEVAN PATIL