Me and my wife own a joint property in Mumbai. For past 6 years she paid emi of 25000 (Total emi was 50000) half was paid by me.Now all of a sudden due to reasons known best to her she mentions that she would not pay emis henceforth.
All these years she was not at good terms with my parents who do not even stay with us. They stay in a different city and hardly makes a visit to us.
I know that if we default on EMI both our names would go to CIBIL and impact our credit record.
My name would be there too for no fault of mine.
I have never defaulted on EMI and I am in no intention to bear the full load of EMI since wife is co-owner and further more she always creates a scene so that my parents never feel like coming and staying with us.My parents even helped a lot with down payment and assisted us so we were able to purchase 2 BHK so that we could stay with my parents with comfort and now this.
What shall I do.
Experts Please help