Adil (abc) 16 January 2020
I have taken a home loan from an NBFC on an illegal property (Flat). They have given me a mandatory home loan insurance along with the loan. Its still under free lookup period. I have heard that it is not a mandate. In case the NBFC does not cancel the home loan insurance and I file a suit in civil cout and stop paying EMI, Can they forcefully sell/auction my flat to someone else?
Rupin Dhama 16 January 2020
Adil (abc) 13 February 2020
I have taken the loan and also got the registry done. I received the insurance documents which stated that I can surrender my home loan insurance policy as it is not mandatory to have it. I have sent a request for the same and I did not get any satisfactory revert from them till now.
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