Can a lender demand for an immediate repayment of a debt?
|
  |
|
|
| Author |
Message |
dina
Apprentice
Joined: 19 Feb 2007
Posts: 13
|
 Posted: 03/15/11 - 09:21 Post subject: |
 |
|
| This thing happened to my neighbor and I don’t know what to think about it. Several months ago he was forced out of his own house because of this debt which he made some time earlier and he made it under certain conditions. OK, the house was part of a deal, I see it as some kind of mortgage, but he never expected them to force him out of the house or to demand payment in such manner. Can a lender demand for an immediate repayment of a debt and under what conditions? |
|
|
Back to top
|
|
|
|
 |
frayda
Apprentice
Joined: 05 Oct 2005
Posts: 5
|
| Posted: 04/13/11 - 22:58 Post subject: |
|
|
| Well, I am certain that in some occasions this kind of action is, actually, justified, but it happens rather often that lenders are in fact people waiting for a good opportunity to cheat on people. Seems to me that he paid no attention to what kind of person is he going to borrow money from. That maybe brought him to this bad situation. And I am sure that there are legal actions which he may pull, but it will not allow him to move back in the house, immediately. And that is the greatest problem….. |
|
|
Back to top
|
|
|
|
|
|
| |
All times are GMT
|
| Page 1 of 1 |
Related topics: | |
|
|
