Dear All,
Every bank is doing legal verification before dispursing the loan amount to client and we the borrowers believe that since the bank verified the property there won't be any problem. Since one of my welwisher told me that now a days bank are looking the repaying capacity of the borrower rather than the legal portion.
My doubt is say for example after some time some one else cliam that the property is his own means, who will be the responsible person to get it settled. Do we need to still pay the EMI or bank will be taking care of it since they already checked the legal portion.
Regards,
Jay
