Hello, a/salam, namaskar, and sasriyakal to all of you, firstly, I'd like to thank the " Rediff " to put this MSGboard up for people to share thier debts problems, and get advices, thank you.
I live in kuwait, I have debts of 3$M in the US, as I found a hotel in VA, NF there, and here I have debt of around 25,000KD, which is around 50lakh rupees, I presume, I am going good, but, things seem depressing, I mean, I'd like to take some advices from you people, as I presume, you experts know better on how to sort things out, I'm doing okay currently, but things are getting up on face, alot of expenditure I have, which I'm controlling as time goes by, anyhow, if anything you people can suggest, I will deeply appreciate it, thanks very much.
I have identified a flat at Delhi to be purchsed.On scanning through the owenership trasfer papers of past sells of this property, it was found that in the chain of ownership one person was a NRI setteld in America.For sale of this flat,he tranferred his rights through Power of Attorney executed on a plane paper(computer print of 2 pages where only 2nd page is signed and stamped by some attorny at USA) to his brother at Delhi. I wish to know 1. If the Attorney rights transfer has to be executed through embassy route as some people tell me so. 2. Further what is the legal validity of such a trasfer of power when it is not even executed on some legal papers(Bonds etc). 3. Also please advise me if there shall be any problems in the further sale of this property if i purchase it. All other papers and ownership transfers are correctly executed and properly recorded.I wish to have bank loan for financing this property. Please advise urgently as i have to take quick decision. ARUN KUMAR
i hv a take home salary of Rs 45000/- , a EMI of Rs 15000/- on a home loan of Rs 15 LAKH for 15 years , a monthly expenditure of Rs 20000 / , wife is earning Rs 10000/ month , some recurring deposits which dont leave any money accumulating with me in my savings account , what do i do to hv some spare cash in hand ?
Hi, Following are my details Net pay = 65,000 Rs. Per month House loan installment = 20,000/- per month (i have 2 flats). Car installment = 8,000/- per month ( for 5 years) Monthly expenditure = 12,000/- per month. Investing in HDFC Mutual fund S.I.P (2500/- per month)from past 10 months.
These debts are making me worried as i have not taken risks till now. I am planning to sell one of the house and keep the cash in liquid after clearing home loan dues.. as i have my parents responsibility. Please suggest me on the same.
