Save a House From Getting Auctioned | Milaap
Save a House From Getting Auctioned
1%
Raised
Rs.10,150
of Rs.800,000
3 supporters
  • NM

    Created by

    Nelson Massey
  • N

    This fundraiser will benefit

    Nelson

    from Zirakpur, Punjab

Story

I am writing to share about in-law's financial crisis during Covid. My Father-in-Law Mr. Vijay Kumar and his Son Amit Kumar used to run a food business together for more than 20 years. With their hardened earned money they took a bank loan of 27 Lakh INR (37000 USD) to buy their Dreamhouse in 2014.

Everything was fine as they were running a food canteen in a big factory. But ever since COVID started they were badly hit and were not able to pay the Home loan EMI since their business was shut during the lockdown and there is no other source of income.

All their savings were gone in 1st two months to paying the pending EMI's and their child's school fee. After the lockdown was released, I and my wife took a loan of 6.5 Lakh (approx 9000USD) to help them started with a new canteen at a Factory in a different state. Sadly that factory canteen was also shut since that area became COVID RedZone.
After that they came back to their Hometown Zirakpur and started a Small Snack shop by the name "The North Kitchen" near their house, Unfortunately, that was also shut after a month since very less people nowadays prefer to eat from outside during Covid.

After trying everything they decided to sell their house and the deal was final -- however, when the house evaluation was done by the Bank - it didn't match the original evaluation report. Due to someone's else mistakes in the documentation now they are not able to even sell their house and the advance money of 3.6 Lakh (Approx 5000USD) they got from the purchaser was used in setting up the new business - which is now another debt. At this time -All the loan money, savings everything is finished.

My father-in-law is a heart patient and has gone through a by-pass surgery in the past and now he is stressed since they are not able to pay the debt and there is house is going to be on auction soon by the Bank. At present they are running a small snacks shop nearby, but the income is not even sufficient to meet their daily needs.

I request everyone to help my father-in-law by raising funds as he is in immediate need of 8 Lakh rupees (12000 USD) to pay the pending to avoid their house from an auction. However, the total debt is 22 lakh INR (31000 USD)

I request you to please, please help my in-laws to save their house from an Auction and share this in your connections as we need the money before 2nd Feb.
Kindly help and donate directly to Mr. Vijay Kumar accounts using the details below:
Name: Vijay Kumar
Bank Name: State Bank of India
Savings Account no:30575374183
IFSC Code: SBIN0050022
Mobile: 9914447467
Email:tnkzirakpur@gmail.com
Address: House no 615, Shiva Enclave, Zirakpur(City), Punjab(State) India Pincode(Zipcode):140603
To transfer from International Bank account please use the following:
2. For Paypal: http://paypal.me/VijayKumarPunjab 
3. Credit card -- watch the video to make payment and click on Donate now

God Bless you all!

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