Jan 21 2015, 07:00 PM
QUOTE(xx_xx @ Jan 21 2015, 06:04 PM)
I currently own a house which is 50% - 50% share with my Ex for both Loan n S&P
Also, my Ex does not seems like tends to sell the house as I not sure what kind of trick is he playing. I have ask few salesman helps to sell off the house dy but now the market is so low and seems hardly get buyer...
no one is occupying the house and it is a new property....
And, I am not really affordable to pay for the house anymore as every month need to pay around 1800myr each person... so I wonder, if I refuse to make the payment, will bank lelong my house?
If yes, what is the impact on myself? I will be sue bankruptcy?
If being sue bankruptcy, again, what is the impact??
Hope that someone could help me on this!!!
Thanks!!!!
Since both of you also borrowers for the loan, if you refuse to pay and your ex couldn't afford to pay RM3600 for the next few months, your bank will lelong your house. As you mention your house could hardly get buyer on the free market, I am afraid that the bank auction would fetch very low price to pay back to the bank. With the outstanding loan after the auction plus all the fees the bank gonna charge, I don't think you can afford to settle that since you can't even afford RM1800 now. In that case, you will be sued to bankruptcy unless you could convince AKPK to help you negotiate with the bank. Impact of bankruptcy? I don't think you really want to go down this path.Also, my Ex does not seems like tends to sell the house as I not sure what kind of trick is he playing. I have ask few salesman helps to sell off the house dy but now the market is so low and seems hardly get buyer...
no one is occupying the house and it is a new property....
And, I am not really affordable to pay for the house anymore as every month need to pay around 1800myr each person... so I wonder, if I refuse to make the payment, will bank lelong my house?
If yes, what is the impact on myself? I will be sue bankruptcy?
If being sue bankruptcy, again, what is the impact??
Hope that someone could help me on this!!!
Thanks!!!!
Quote
0.0185sec
1.06
6 queries
GZIP Disabled