Immediately after how many overlooked EMI’s commonly the financial institution get hold of your house and you can toss your from it? Just what are your own legal rights given that a consumer and just what are the fresh strategies active in the foreclosures procedure?

Whenever we buy a home that have home financing, there is lots off passion even as we are becoming the property owner in our fantasy household, together with upcoming looks vibrant, nevertheless the reality from every day life is there exists of many home owners which face financial hardships within existence due to work loss, accidents, medical issues they are struggling to pay back their property financing EMI’s for the majority days and in the end enter a posture when they are struggling to pay-off back.

#step one After you miss spending ninety days EMI

It might occurs that you’re skip 1-dos EMI payments because of particular reason, in which particular case the lending company provides you with a note on it or promote a tiny alerting to expend right back the newest missed EM the following month. Continue reading →