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housing losn

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asked on Nov 26, 2014 at 04:26
by   Mr j
I have been summons to court..In sarawak..I have given letter of demand cum termination.7 days to comply..27k. .This is my housing loan..I have pending 2 month payment..I'll attend court this Friday. I have paid and living in this house for 11 years now..recently I had personal problem that some how affected my monthly payment.year 2016 I'll finish the loan..for the 1st time in my life i will appear in court..what concern me the most will the confiscated my house?just 1 year left!!where to live then??Need some advise...tq..
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answered on Nov 26, 2014 at 05:56
by   Ms j
Ask for postponement if possible. Nego and talk to the bank (correct manager). By right it shouldnt happen. You hv other issues with the bank staff before?

A letter of demand cum termination within 7 days to pay and it comes together with a court summons? Or is it a letter threatening to summon you in court?. The court summon should have a file no. Check with the court for validity of the case.

Courts in Sarawak is worse than those in Kuala Lumpur?? Then come to KL to live, better place to live than with those nastier bankers  there. They cannot confiscate your house with going further legal proceedings. Nego and contact with the bank.....

Post details of letter of demand/termination here for the forumers here for further comments and sharing of info..
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