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Nairaland Forum / Nairaland / General / Business / I Released My House Document To My Cousin To Obtain Loan, How Can I Get It Back? (66167 Views)
Please I Need A Loan Of 500k.i'll Drop My Personal House Document As Collateral / UPDATE ON I Released My House Document To My Cousin To Obtain Loan. / How To Obtain Loan Online In Nigeria With Alat App (2) (3) (4)
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Re: I Released My House Document To My Cousin To Obtain Loan, How Can I Get It Back? by david16(m): 8:18pm On Jan 23, 2020 |
Shibaraba: Just branch the nearest celestial church of Christ ooo.. Because your cousin seems like a very un serious fellow, so you don't end up on the streets. Chairman, do as you're told! Enter cele church! |
Re: I Released My House Document To My Cousin To Obtain Loan, How Can I Get It Back? by Boss13: 8:26pm On Jan 23, 2020 |
YOU ARE DONE. |
Re: I Released My House Document To My Cousin To Obtain Loan, How Can I Get It Back? by dominique(f): 8:29pm On Jan 23, 2020 |
Vivuch: Na wa o. Why are people wicked like this? ![]() I know of someone who stood as guarantor for a neighbour to take a microfinance loan. The neighbour bought two Nigerian used cars for cab business and started paying the loan. After about the second installment, the neighbour abruptly moved out of the area with his family to an unknown location and became unreachable. The bank came for the man and he had to pay the remaining instalments, he and his wife's businesses crumbled as a result. Now they literally live from hand to mouth, the wife's shop that was very a attractive one-stop provision store is now a shadow of itself. Saddest thing is we that didn't know the story had already judged the couple as wasteful and unable to manage their businesses till we heard the full story. Our people are getting more and more heartless when it comes to borrowing. I've also had my own experience but it's with small sums of cash I could afford to let go. Nigerians should better wise up, don't lend out what you can't afford to lose. Don't ever stand as guarantor or use your property for anybody's collateral. The only person you can trust these days is you, don't trust anybody not even your shadow. 2 Likes 2 Shares |
Re: I Released My House Document To My Cousin To Obtain Loan, How Can I Get It Back? by litaninja(m): 8:42pm On Jan 23, 2020 |
You guaranteed the loan already. Its a done deal. There's nothing like "retrieve the documents for the house". By the time he's overdue on the repayments and the contract stipulated time elapses, the bank will be at the house to evict you. You, your cousin or your uncle better step up efforts in getting the loan repaid.....else.... wwwkaycom: 2 Likes |
Re: I Released My House Document To My Cousin To Obtain Loan, How Can I Get It Back? by raphy(m): 8:46pm On Jan 23, 2020 |
as i have read ya story i come de sorry for u mo be say i get house o.. but thia guy don use jazz on you anything he ask you to do.,you will.do like mumu and do. they wil come for that house soon and that ya cousin can just run hiding he is still spending like everyday is xmas... i sorry.for this niqqa but see that shibariba guy said it all.gbam |
Re: I Released My House Document To My Cousin To Obtain Loan, How Can I Get It Back? by kingvick09(m): 8:46pm On Jan 23, 2020 |
wwwkaycom:GET A LAWYER TO LOOK INTO THE MATTER ,CHARGE HIM TO COURT !!!! |
Re: I Released My House Document To My Cousin To Obtain Loan, How Can I Get It Back? by ViykeNairaland: 8:48pm On Jan 23, 2020 |
wwwkaycom:....if you like the house and don't want to loose it...make plans to be paying the loan to the bank...after then focus on the bastard cousin with thunder and fire to collect your money back! 1 Like |
Re: I Released My House Document To My Cousin To Obtain Loan, How Can I Get It Back? by ViykeNairaland: 8:49pm On Jan 23, 2020 |
kingvick09:just avoid this...you will loose more money and still loose the house...settle with the bank first! |
Re: I Released My House Document To My Cousin To Obtain Loan, How Can I Get It Back? by midnighter(f): 8:52pm On Jan 23, 2020 |
Maestroedem001: This is actually the best suggestion so far but I dont know if he will read it. The most important thing now is to get the cousin to sign even one document that will have consequences if he doesnt stick to its conditions. Thats what OP failed to ensure the first time which is why his evil cousin doesnt feel any pressure. 1 Like |
Re: I Released My House Document To My Cousin To Obtain Loan, How Can I Get It Back? by Nobody: 8:52pm On Jan 23, 2020 |
I doubt the story, if it's true, pray that cousin will not kill u when he eventually not able to pay. |
Re: I Released My House Document To My Cousin To Obtain Loan, How Can I Get It Back? by andyanders: 8:53pm On Jan 23, 2020 |
iHart:exactly. Op has already lost his house, unless op pays the loan, if not, the house will be taken over by the bank. |
Re: I Released My House Document To My Cousin To Obtain Loan, How Can I Get It Back? by midnighter(f): 8:57pm On Jan 23, 2020 |
BCISLTD: Wait a second; so all the past 10 pages are wrong? He wont even lose his house ![]() |
Re: I Released My House Document To My Cousin To Obtain Loan, How Can I Get It Back? by Talib93(m): 9:03pm On Jan 23, 2020 |
AskProf:As in, d relative right now
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Re: I Released My House Document To My Cousin To Obtain Loan, How Can I Get It Back? by SURElee(f): 9:10pm On Jan 23, 2020 |
Stupidity is when you allow somebody use your property as a collateral to get a loan. What does the the indebted cousin stand to lose in all of these? Nothing. You lose your house and you begin to sleep with agberos under the bridge. Next time you go reason with your brain and not sentiments. 4 Likes |
Re: I Released My House Document To My Cousin To Obtain Loan, How Can I Get It Back? by TruthSpeaker: 9:11pm On Jan 23, 2020 |
sojfarm: The said uncle wasn’t part of the deal, so he can simply decline attending any meeting. Your a. Is valid. Your b. Get K-Leg. You have no legal right to dictate to the bank to mandate the said cousin to send monthly cash flow of the business to the bank etc. Your c. Is not practical because the bank must have very experienced lawyers that wrote the signed agreement to please their interest. The bank is not under pressure whatsoever to get back their money, that is why they demanded a collateral. Any mess up or failure from your side to fulfill the terms and conditions of the signed agreement, they will just enact foreclosure to take over the property of the document that they have in their custody as collateral. Your d. The bank doesn’t need to stress themselves about considering liquidation of the cousin’s assets because they already have a valid colateral that was signed before issuing the loan. If any thing the bank will even be happy to take over the property because they must have valued it to be worth far more that 3 million naira before accepting it to as collateral. By the way are we all forgetting the concept of collateral? It is there just in case there is any Bleep up with full payment of debt for it to be taken over. Foreclosure is the act to taking over the said property/asset due to inability to pay up within the agreed time frame. |
Re: I Released My House Document To My Cousin To Obtain Loan, How Can I Get It Back? by Olas16198901: 9:11pm On Jan 23, 2020 |
This is a bad theory. You carry your cousin straight winning and your cousin carry you ov2.5 very bad well the game is about to finish. What you laboured for, for good 8years you just give it out to someone in the name of cousin and relationship clause. Well it wasn't your fault it's oju anu. Heaven help those who helped themselves, you should have made feasibility study of your cousin before lending him the money, Him that want to start business he should have little money then give him what you are capable for than giving him your house document. Your cousin and his wife they're bird of the same feathers, the two are con. My advise for you is to have a good lawyer who can fight for you or human rights. Or go meet babalawo we Sabi juju make dem use juju threatening him wey e no fit sleep, we b say masquerade dey tell am say return my money back and as e dey beat am from dream e dey c d mark 4 real life, all the money wey e collect from others e go return efrintin wit intrest |
Re: I Released My House Document To My Cousin To Obtain Loan, How Can I Get It Back? by graciousify(f): 9:21pm On Jan 23, 2020 |
That was how i lent a good friend of mine money which i originally wanted to use in paying my school fees. He promised to pay month end. When month end cell he blocked me everywhere till today. It is almost a year now, he hasn't paid. 6 Likes 1 Share |
Re: I Released My House Document To My Cousin To Obtain Loan, How Can I Get It Back? by faithfull18(f): 9:25pm On Jan 23, 2020 |
MondayOsunbor:I think it's more personal than tribal . |
Re: I Released My House Document To My Cousin To Obtain Loan, How Can I Get It Back? by Sweeetheart(m): 9:27pm On Jan 23, 2020 |
healthserve: you're going beyond your boundary, if I bounce on you now, you will be crying to mod family worth a penny with your life investment ode? what's the worth of that man, if he's unable to get the money the useless cousin borrowed and bank send them off God forbid, no be the same family go mock em why he was so foolish to put out his property ? a reasonable man must put his immediate family first before taking decision 3 Likes |
Re: I Released My House Document To My Cousin To Obtain Loan, How Can I Get It Back? by healthserve(m): 9:30pm On Jan 23, 2020 |
Sweeetheart: Bro leave plenty talk. Ifmts your words aginats you. If you can't do the act as you claimed for a family member you have a dysfunctional family. Just take the bitter pill with chi vita it's the truth and you know it. A family should be an amazing unit to act without rules and if you can't it simply means it's dysfunctional. I have even cousin that can injure you on my behalf not to talk of family. |
Re: I Released My House Document To My Cousin To Obtain Loan, How Can I Get It Back? by Acidosis(m): 9:35pm On Jan 23, 2020 |
My parents at some point were willing to give out their house documents for me to get a loan but I declined. Your cousin is very stup!d for making such a s!lly demand. There are things you don't go asking people in the name of "help". He took advantage of the bond you both share. That's very bad. I don't know how you can get back your documents but I sincerely wish you well in your efforts to secure your property. It is well. 3 Likes |
Re: I Released My House Document To My Cousin To Obtain Loan, How Can I Get It Back? by Pataricatering(f): 9:40pm On Jan 23, 2020 |
Why didn’t u listen to your wife ? I’m not surprised sha - that’s why u will all be looking for submissive wife - so nobody can question ur decisions . 4 Likes |
Re: I Released My House Document To My Cousin To Obtain Loan, How Can I Get It Back? by midnighter(f): 9:44pm On Jan 23, 2020 |
Hedonini: Lol! When the Pope slapped that woman's hand people wanted to complain! |
Re: I Released My House Document To My Cousin To Obtain Loan, How Can I Get It Back? by Greenbullet(m): 9:45pm On Jan 23, 2020 |
Goldenurch:loan of 5 million at zero percent interest , MAD OHHHH. 1 Like |
Re: I Released My House Document To My Cousin To Obtain Loan, How Can I Get It Back? by Sweeetheart(m): 9:50pm On Jan 23, 2020 |
graciousify: some people can be so wicked ehn! he will meet his waterloo elsewhere 2 Likes |
Re: I Released My House Document To My Cousin To Obtain Loan, How Can I Get It Back? by Sweeetheart(m): 9:54pm On Jan 23, 2020 |
healthserve: you've issue with understanding. this thread is about a man who's trying to put family interest at the detriment of his own family peace of mind update about your functional family and people will help you to debate about. functional or dysfunctional family, I won't risk my life savings to satisfy any family in the course of not having dysfunctional, this is mine own opinion and I'm sure if the Op had embrace that, he won't be here restless 4 Likes |
Re: I Released My House Document To My Cousin To Obtain Loan, How Can I Get It Back? by Izigha(m): 9:56pm On Jan 23, 2020 |
Greenbullet:see wickedness, someone is already in deep shit and he wants to scam him again ![]() 3 Likes |
Re: I Released My House Document To My Cousin To Obtain Loan, How Can I Get It Back? by AJ01(m): 9:57pm On Jan 23, 2020 |
Poster you are sooooo foolish and stupid, released ur house document for ur cousin to take a loan from a Nigerian bank. Omg ![]() 1 Like |
Re: I Released My House Document To My Cousin To Obtain Loan, How Can I Get It Back? by Greenbullet(m): 10:00pm On Jan 23, 2020 |
Izigha:I tire oo |
Re: I Released My House Document To My Cousin To Obtain Loan, How Can I Get It Back? by henzy4life: 10:10pm On Jan 23, 2020 |
Go to the biz location (office), monitor the inflow and outflow of the biz and if the fund is being diverted,alert the bank perhaps the account officer who signed the loan doesn't monitor the loan and it is going to lead to defaulting,but if u do the monitoring by urself and promptly,it will save u 4rm the danger of bad loan(giving up ur property entirely). 1 Like |
Re: I Released My House Document To My Cousin To Obtain Loan, How Can I Get It Back? by Montaque(m): 10:13pm On Jan 23, 2020 |
Your cousin has a bad woman as a wife. 40th birthday celebration indeed. You have a good wife but you didnt listen to her. Bank loan is the last resort for business ventures. You have an interest, so visit the bank and ask to see the books for yourself. I reason you may have to join in the repayment very soon, else you are going to fight for the roof over your head 3 Likes |
Re: I Released My House Document To My Cousin To Obtain Loan, How Can I Get It Back? by joinnow: 10:23pm On Jan 23, 2020 |
ipledge6: you mean westside |
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