Hello All, Need help
I am the main applicant of the home loan taken for 25 years , for the house which my parents built on the land owned by them (father and mother). My Father is co-applicant. Since I do not have ownership but I am paying the entire loan being the main applicant, I feel very insecure. I have younger brother who has not invested anything on this house and not ready to help as well.
The loan is still there for more 19 years. I am not able to bear the loan.
Q1. What are the legal implications on me If I stop paying the EMI?
Q2. Can my name be added as a co-owner of the house by requesting to bank?
Please help
Regards
M
