Home Loan Settlement Dispute

Summary

A home loan default led to a bank settlement and property sale, but the buyer didnt pay the agreed amount. Consult a property lawyer in Maharashtra to review agreements and contact the bank for clarification.

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So what happens is we had a home loan and it wasn't paid it was around * Lakh Amount and we had to vacate the home as bank came with notice to vacate room as it was legal order notice. After that bank asked for settlement amount which was * Lakhs. We had paid about loan for around * Lakhs for 10 years and didnt pay loan for 2 years. So interest as bank was being crazy. After that a party came to buy hone for only * Lakh and bank settled for * Lakh and said to pay us remain * lakhs. After that the party which was buying home only paid bank * Lakhs and didn't pay us * lakh but bank game them home papers and gave us NOC. So we arent staying at home becauss we are afraid what to do
It sounds like you are in a complicated situation. Here are a few steps you might consider:
*. Consult with a Property Lawyer: To understand your rights and possible actions, consulting a property lawyer in Maharashtra would be beneficial.
*. Review the Agreement: Check any agreements or documents related to the sale and settlement to understand the terms.
*. Contact the Bank: Discuss your situation with the bank to clarify why the remaining amount was not paid to you.
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