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Bank called said lelong my house but i have been paying the loans

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asked on Sep 13, 2014 at 22:33
by   syts
My house was origanally under me and my two brothers name. In year 2012 we have asked a lawyer film to change the names and then it is under me and one of my brother name. The reason we did that because my brother(the one we removed his name)have owed some loans(cars)and we afraid that will affected the house load. Since then, i have been paying the house installment monthly until now. Last week bank called my house said that the house is going to be lelong and they have got the approval from the bank lawyer. We dont understand how can this happened?

Are there any professional advise here?

Thank you.
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1 Answers

answered on Oct 2, 2014 at 23:22
by   kpcboy
How was the name change effected.? The bank loan, under how many ppl name now. Car loan will not affect yr house loan. Default car loan repayments, repossess cars only.

What is the bank reason for lelong house.? Go personally to the bank and check. Sounds like bill collectors scaring you. Sure your other brother didnt owe ah longs.? Or he has been made a bankrupt long ago.??
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