Hi
We have a company and there are people who are interested in sharing their properties to take a mortgage loan. If it is done as a third party collateral and if the property owner does not pay the EMI, our company have to bear the interest and principal which will become 24% interest per annum at the end of the loan completion. How can I recover the amount/property from the property owner after the completion of the loan. As the bank have to handle the property document to the owner after the loan completion
Regards,
Latha
Asked 7 years ago in Property Law
Religion: Hindu