₦airaland Forum

chukwugoziegi:
You released your house documents for someone to use it and borrow loan from the BANK!
WOW!

Hahaha! the man is not wise at all, I'm very sorry to say.

Bank sef no pray say make una see d money.... U played a risky game out of generosity,,,Now to retrieve ur own very document is now a burden for u to carry alone....

Las Las na juju go follow am if u keep disturbing...

wwwkaycom:
I gave my house documents to my cousin to take a bank loan of 3 million naira but I like to retrieve my documents back because of the way he and his wife have been doing things since October, 2019.

He is involved in sales of agrochemicals. He discussed with me on how profitable the business is but that he didn't really have money to put into it.

The wife lost her job in the bank and had to join him in the business. Being a close cousin and friend of mine, I gave out my house documents to him as collateral and the bank actually came to do some inspection in my house and I signed some documents.

The big issue now is that my cousin have not paid a dime back since August last year when he got the loan and between then and now he has done 3 parties that I'm sure gulped lots of money. The wedding of his younger sister in October, wedding of his brother in law in December and 40th birthday of his wife in January. These were serious lavish parties which I think could be done modestly.

I asked him on Monday about the loan and he said his moratorium will expire in February and there's no cause for alarm. This is different from what he told me before I released my documents, he said he will have gone far in repayment even before the expiration of moratorium. I reminded him about this but he said there is no problem about his ability to pay back since the business is lucrative.

I also discovered that one of our uncles actually borrowed him 2 million naira in 2017 which he hasn't paid back till now, he hasn't paid a dime back, I didn't do due diligence before releasing my documents to him.

Uncle told me yesterday that he would have discouraged me from giving out my documents if I had informed him before the loan was granted. Uncle also told me that he disagreed with him about his clubbing and partying lifestyles as a struggling businessman but that instead of appreciating his concern, he and his wife fought him and boasted his 2 million naira will be paid back before mid 2018 but till today he hasn't paid a dime. Hope I haven't shot myself in the leg with this help which I think I rendered to a friend and family?

The worst part of it is that my wife was not fully in support of my intention to help him then.

Where do I start from good people?

He promised to start paying by January ending, if he fail to do this, is it possible to break that bond and retrieve my documents from the bank? Can I tell him and the bank that I'm no longer interested in guaranteeing the loan? I'm afraid, kindly help.

no brother in the jungle ooh

wwwkaycom:
I gave my house documents to my cousin to take a bank loan of 3 million naira but I like to retrieve my documents back because of the way he and his wife have been doing things since October, 2019.

He is involved in sales of agrochemicals. He discussed with me on how profitable the business is but that he didn't really have money to put into it.

The wife lost her job in the bank and had to join him in the business. Being a close cousin and friend of mine, I gave out my house documents to him as collateral and the bank actually came to do some inspection in my house and I signed some documents.

The big issue now is that my cousin have not paid a dime back since August last year when he got the loan and between then and now he has done 3 parties that I'm sure gulped lots of money. The wedding of his younger sister in October, wedding of his brother in law in December and 40th birthday of his wife in January. These were serious lavish parties which I think could be done modestly.

I asked him on Monday about the loan and he said his moratorium will expire in February and there's no cause for alarm. This is different from what he told me before I released my documents, he said he will have gone far in repayment even before the expiration of moratorium. I reminded him about this but he said there is no problem about his ability to pay back since the business is lucrative.

I also discovered that one of our uncles actually borrowed him 2 million naira in 2017 which he hasn't paid back till now, he hasn't paid a dime back, I didn't do due diligence before releasing my documents to him.

Uncle told me yesterday that he would have discouraged me from giving out my documents if I had informed him before the loan was granted. Uncle also told me that he disagreed with him about his clubbing and partying lifestyles as a struggling businessman but that instead of appreciating his concern, he and his wife fought him and boasted his 2 million naira will be paid back before mid 2018 but till today he hasn't paid a dime. Hope I haven't shot myself in the leg with this help which I think I rendered to a friend and family?

The worst part of it is that my wife was not fully in support of my intention to help him then.

Where do I start from good people?

He promised to start paying by January ending, if he fail to do this, is it possible to break that bond and retrieve my documents from the bank? Can I tell him and the bank that I'm no longer interested in guaranteeing the loan? I'm afraid, kindly help.

bro, big mistake! Never involve family with any thing finances. What you should do is get the manager of the bank and explain to him, check out if your bro has another asset that can be used to liquidate the loan in case of default. Then pray and hope... Cos u have already tied your house to the loan

Holamilekan97:
I feel so sorry for you sir. You need to get a good lawyer.

What he needs is to get money to pay. What can a lawyer do apart from renegotiate the loan repayment?

Brother there is no brother in business
You saw all these signs and you are still asking for our opinion
Simply involve :amily members and take the case to the police to handle it

wwwkaycom:
Honestly I had no fear as such until I heard from uncle yesterday. Uncle is buoyant, he is a businessman/contractor and can afford to part with 2 million, this he told me himself yesterday since he wouldn't want to use force to get his money from him but can I afford to part with a house I laboured hard to build for close to 8 years as a government worker? No!

Get your parents, his parents involved. Thank God he's your cousin... Use family ties, family meeting to arm-twist him to pay without fight...

Or else, the handwriting on the wall says your house dey go small small!

Some people got heart o. Did this Op discuss with his wife before making such a silly decision? I doubt. See when it comes to money, fear human beings.

You'll lose that house and they won't b perturbed.

Born2Breed:
You are in deep shit sir.

Get a lawyer right away to look for loopholes in the agreement so you can get your documents back.

I doubt though.

Look at the way Nigerians think? Criminal thoughts in their mind,look for loop holes,if you don't have good advice to give, keep your mouth quiet

wwwkaycom:
I gave my house documents to my cousin to take a bank loan of 3 million naira but I like to retrieve my documents back because of the way he and his wife have been doing things since October, 2019.

He is involved in sales of agrochemicals. He discussed with me on how profitable the business is but that he didn't really have money to put into it.

The wife lost her job in the bank and had to join him in the business. Being a close cousin and friend of mine, I gave out my house documents to him as collateral and the bank actually came to do some inspection in my house and I signed some documents.

The big issue now is that my cousin have not paid a dime back since August last year when he got the loan and between then and now he has done 3 parties that I'm sure gulped lots of money. The wedding of his younger sister in October, wedding of his brother in law in December and 40th birthday of his wife in January. These were serious lavish parties which I think could be done modestly.

I asked him on Monday about the loan and he said his moratorium will expire in February and there's no cause for alarm. This is different from what he told me before I released my documents, he said he will have gone far in repayment even before the expiration of moratorium. I reminded him about this but he said there is no problem about his ability to pay back since the business is lucrative.

I also discovered that one of our uncles actually borrowed him 2 million naira in 2017 which he hasn't paid back till now, he hasn't paid a dime back, I didn't do due diligence before releasing my documents to him.

Uncle told me yesterday that he would have discouraged me from giving out my documents if I had informed him before the loan was granted. Uncle also told me that he disagreed with him about his clubbing and partying lifestyles as a struggling businessman but that instead of appreciating his concern, he and his wife fought him and boasted his 2 million naira will be paid back before mid 2018 but till today he hasn't paid a dime. Hope I haven't shot myself in the leg with this help which I think I rendered to a friend and family?

The worst part of it is that my wife was not fully in support of my intention to help him then.

Where do I start from good people?

He promised to start paying by January ending, if he fail to do this, is it possible to break that bond and retrieve my documents from the bank? Can I tell him and the bank that I'm no longer interested in guaranteeing the loan? I'm afraid, kindly help.

what a fool!! how can you give bank documents for your house to take a loan for a 3rd party? How can your wife be supportive?

My advice to you is 1) go to the bank and find out how much is owed, I'm sure it is at least 6m by now with penalties. 2) start seizing any of his assets you can get hold of.

Goldenurch:
Loans are very dicey and one must be really careful..
To avoid all this mess get loans up to N5m at zero percent interest without collateral..
Check signature to ask me how

How bro
whatsapp 08143753327

You don enter one chance... I pray you scaled through this.

Not with gragra bros because if you too show yourself well your case go be like fireman generator man case for Abuja. Just tell am say your wife Dey trouble you and beside you want make peace Dey ur marriage. Is better you and your wife plan the matter because if na better wife he get them go pay their debt before birthday of Koko wey nor get work for hand. Collect your house document the Oregon also one and make sure you go the bank headquarter anywhere for Nigeria and confirm no document of such is borrowing only from them simple Abeg

wwwkaycom:
I gave my house documents to my cousin to take a bank loan of 3 million naira but I like to retrieve my documents back because of the way he and his wife have been doing things since October, 2019.

He is involved in sales of agrochemicals. He discussed with me on how profitable the business is but that he didn't really have money to put into it.

The wife lost her job in the bank and had to join him in the business. Being a close cousin and friend of mine, I gave out my house documents to him as collateral and the bank actually came to do some inspection in my house and I signed some documents.

The big issue now is that my cousin have not paid a dime back since August last year when he got the loan and between then and now he has done 3 parties that I'm sure gulped lots of money. The wedding of his younger sister in October, wedding of his brother in law in December and 40th birthday of his wife in January. These were serious lavish parties which I think could be done modestly.

I asked him on Monday about the loan and he said his moratorium will expire in February and there's no cause for alarm. This is different from what he told me before I released my documents, he said he will have gone far in repayment even before the expiration of moratorium. I reminded him about this but he said there is no problem about his ability to pay back since the business is lucrative.

I also discovered that one of our uncles actually borrowed him 2 million naira in 2017 which he hasn't paid back till now, he hasn't paid a dime back, I didn't do due diligence before releasing my documents to him.

Uncle told me yesterday that he would have discouraged me from giving out my documents if I had informed him before the loan was granted. Uncle also told me that he disagreed with him about his clubbing and partying lifestyles as a struggling businessman but that instead of appreciating his concern, he and his wife fought him and boasted his 2 million naira will be paid back before mid 2018 but till today he hasn't paid a dime. Hope I haven't shot myself in the leg with this help which I think I rendered to a friend and family?

The worst part of it is that my wife was not fully in support of my intention to help him then.

Where do I start from good people?

He promised to start paying by January ending, if he fail to do this, is it possible to break that bond and retrieve my documents from the bank? Can I tell him and the bank that I'm no longer interested in guaranteeing the loan? I'm afraid, kindly help.

am sure your property is worth more than d 3 million, look for how to pay the money to the bank or else your house is gone.
you can start fighting him after u have settled the bank. you are really in a tight corner. sorry.

Pele

.Lesson for all.If u must help a family memba/friend with loan,let a CRASE 3RD PARTY DO IT ON UR BEHALF.SIDDON AND WATCH HOW HE'll recover ur money for u sam sam

better still sha....op, I advise you to begin gather money to buy the house back when time reach for bank to sell am.....hard truth!! sorry to sound pessimistic, but there's NOTHING any legal team can do to wriggle you out of this mess you willfully put yourself into! anyway, I'm joining my faith with yours, hoping he pays but going by the precedence he's already set with your uncle......hmmmmmmm!!

Look for the 3 million and pay the bank so as you don't loose on both sides

I believe you Don wise up

I don't believe this story sorry


I can't even give my own blood my property for loan. there is nothing bad in helping one relative but giving out property for loan for that person is totally absurd no offence though


like someone said above, you better be looking for 3m down because when bank will start to threatened you, no one will be here to safe you


you really messed up big time even if the cousin had a clean record, I can't give out my property documents, this is not assistance, it's stupidity and foolishness

Oga, if you know you don't want to forefiet that house, start saving 3m plus interest to pay them when they come because honestly, that house no longer belongs to you if that money is not paid even a day after the supposed date.

Chai how can someone be owing and organising party anyhow. Sorry my guy you've lost your house because of avoidable family favour.

wwwkaycom:
I gave my house documents to my cousin to take a bank loan of 3 million naira but I like to retrieve my documents back because of the way he and his wife have been doing things since October, 2019.

He is involved in sales of agrochemicals. He discussed with me on how profitable the business is but that he didn't really have money to put into it.

The wife lost her job in the bank and had to join him in the business. Being a close cousin and friend of mine, I gave out my house documents to him as collateral and the bank actually came to do some inspection in my house and I signed some documents.

The big issue now is that my cousin have not paid a dime back since August last year when he got the loan and between then and now he has done 3 parties that I'm sure gulped lots of money. The wedding of his younger sister in October, wedding of his brother in law in December and 40th birthday of his wife in January. These were serious lavish parties which I think could be done modestly.

I asked him on Monday about the loan and he said his moratorium will expire in February and there's no cause for alarm. This is different from what he told me before I released my documents, he said he will have gone far in repayment even before the expiration of moratorium. I reminded him about this but he said there is no problem about his ability to pay back since the business is lucrative.

I also discovered that one of our uncles actually borrowed him 2 million naira in 2017 which he hasn't paid back till now, he hasn't paid a dime back, I didn't do due diligence before releasing my documents to him.

Uncle told me yesterday that he would have discouraged me from giving out my documents if I had informed him before the loan was granted. Uncle also told me that he disagreed with him about his clubbing and partying lifestyles as a struggling businessman but that instead of appreciating his concern, he and his wife fought him and boasted his 2 million naira will be paid back before mid 2018 but till today he hasn't paid a dime. Hope I haven't shot myself in the leg with this help which I think I rendered to a friend and family?

The worst part of it is that my wife was not fully in support of my intention to help him then.

Where do I start from good people?

He promised to start paying by January ending, if he fail to do this, is it possible to break that bond and retrieve my documents from the bank? Can I tell him and the bank that I'm no longer interested in guaranteeing the loan? I'm afraid, kindly help.

get a good lawyer quickly or you lose your house

go and get a good lawyer to disengage the agreements before it's expired...


such beating around the bush jare...


you have learnt ur lesson now

wwwkaycom:
I gave my house documents to my cousin to take a bank loan of 3 million naira but I like to retrieve my documents back because of the way he and his wife have been doing things since October, 2019.

He is involved in sales of agrochemicals. He discussed with me on how profitable the business is but that he didn't really have money to put into it.

The wife lost her job in the bank and had to join him in the business. Being a close cousin and friend of mine, I gave out my house documents to him as collateral and the bank actually came to do some inspection in my house and I signed some documents.

The big issue now is that my cousin have not paid a dime back since August last year when he got the loan and between then and now he has done 3 parties that I'm sure gulped lots of money. The wedding of his younger sister in October, wedding of his brother in law in December and 40th birthday of his wife in January. These were serious lavish parties which I think could be done modestly.

I asked him on Monday about the loan and he said his moratorium will expire in February and there's no cause for alarm. This is different from what he told me before I released my documents, he said he will have gone far in repayment even before the expiration of moratorium. I reminded him about this but he said there is no problem about his ability to pay back since the business is lucrative.

I also discovered that one of our uncles actually borrowed him 2 million naira in 2017 which he hasn't paid back till now, he hasn't paid a dime back, I didn't do due diligence before releasing my documents to him.

Uncle told me yesterday that he would have discouraged me from giving out my documents if I had informed him before the loan was granted. Uncle also told me that he disagreed with him about his clubbing and partying lifestyles as a struggling businessman but that instead of appreciating his concern, he and his wife fought him and boasted his 2 million naira will be paid back before mid 2018 but till today he hasn't paid a dime. Hope I haven't shot myself in the leg with this help which I think I rendered to a friend and family?

The worst part of it is that my wife was not fully in support of my intention to help him then.

Where do I start from good people?

He promised to start paying by January ending, if he fail to do this, is it possible to break that bond and retrieve my documents from the bank? Can I tell him and the bank that I'm no longer interested in guaranteeing the loan? I'm afraid, kindly help.

You goofed. You are at his merciless mercy now.

You shouldn’t have done that in the first place is better to have borrowed him any amount that pleases you than Giving out your house document “ God forbid “ you may loose that house sir , the way out is to help him find money and clear the loan before the intrest turn to N8,567,923.50k. Mean while I don’t know how bank always arrived that Kobo since no one is dealing with Kobo again

Eyaaaaa.....just threaten his life bikoo....what kind of joke is he doing with your property....

I don't see him paying that money though you never can tell.
As you mount pressure on him, also start running around to see if you can raise the money without letting him know otherwise, you Will lose your house.

Having a big party for 40th birthday. Nonsense, 40 is just another number. That guy's biz will collapse very soon

You made a very big mistake, I don't know why you didn't listen to your wife?
But your house? Nnaa you get mind.
I hope you have enough money to pay bank, start saving money, to pay back, I wouldn't like you to lose your house

Get a lawyer ASAP

get a very good lawyer to exploit loopholes on the loan agreement ( but i doubt if their will be any). Get him on tape and get him arrested before too late. extract a written commitments from him to transfer the ownership of its business to you if he default in loan repayment. DO IT WITH ZERO EMOTION OH!

Permit me to be blunt with you. Your house os 50% gone. It will take a miracle to get it back.