When can bank take your house?

Delia Johnson asked a question: When can bank take your house?
Asked By: Delia Johnson
Date created: Sun, Feb 7, 2021 12:14 AM
Date updated: Tue, Jun 21, 2022 5:22 AM


Top best answers to the question «When can bank take your house»

If you fail to respond the legal notice, the bank will wait for three to five months and then the bank will declare your property as Non-performing Asset (NPA). Once you are considered as a loan defaulter, the bank will start the procedure for taking over your house.

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