Home Loan defaulter
Myself and my husband brought a flat. The flat is jointly under our name. For this flat, both of us take Home loan from a nationalized bank in India.
After 2 years or so, due to issue in our relationship, both of us left the flat and started living separately. In the mean time, my husband stopped paying part of EMI. The home loan is connected with my own salary A/C on the same bank.
Considering my current situation, as I am unable to stay at the flat, I have decided to stop paying the EMI because I need to maintain my expanses also. So I submitted formal letter explaining the current situation and requested them to take over the flat and close the home loan. My husband is not interested on this and he is not interested to pay any EMI either.
Bank took 1 years or so and provided more time to think on this but nothing is resolved at our relationship. To avoid EMI payment, I tried to keep low balance to avoid auto-deduct from my A/C.
Suddenly in last month, bank took all money from my A/C and also I have some other A/C on the same Bank. Bank took money from that also and also locked RD and FD that are in my name in that Bank.
I was so socked ... I don't know how to explain here... they started to took my salary forcefully. In this aspect my husband did not get any hit because he does not have any A/C in that Bank.
I am not sure what to do....I tried to explain that why you are taking money ... why you are not taking our flat (pls note in the meantime we vacated our flat also).
Bank loan manger told me that they can will take liquid money as long as it is available anywhere ...after that they can go for selling the flat.
I don't know what to do please suggest...