Proof of Fund query

[xsabhishek]

Hi All,

My only concern in my application is proof of fund.
I have the required 15000$ in Fd's and shares.

I know this has been asked many times but i have some other concerns:

I own a flat in my name and have X amount of Bank loan on it.

Now :

1) Should i declare the House in my assets and in liabilities the pending loan amount?
2) If i declare that, how the value of the flat must be calculated and proved to CIC. Considering i am living in pune,india and not sure who evaluates property here.
Should i make a calculation myself and attach an extra sheet explaining it?

3) The flat purchase agreement is in marathi..should i use a translator to translate the document to english and attach the copy of the original document and translated copy?

4) If i don't declare the home in my assets and in liabilities will it create problems as bank can recover the pending loan by selling the flat in case i stop paying the remaining loan. So it wont affect my settlement funds.

Your expert advice is really needed here as i am about to send my application. The only thing which is stopping me is this doubt?

Really confused what to do :-\

What you guys did in your application who owns a flat/house and have loan on their name?

 

[xsabhishek]

guys anyone

 

[xsabhishek]

bump

 

[akbardxb]

Hi All,

My only concern in my application is proof of fund.
I have the required 15000$ in Fd's and shares.

I know this has been asked many times but i have some other concerns:

I own a flat in my name and have X amount of Bank loan on it.

Now :

1) Should i declare the House in my assets and in liabilities the pending loan amount?
2) If i declare that, how the value of the flat must be calculated and proved to CIC. Considering i am living in pune,india and not sure who evaluates property here.
Should i make a calculation myself and attach an extra sheet explaining it?

3) The flat purchase agreement is in marathi..should i use a translator to translate the document to english and attach the copy of the original document and translated copy?

4) If i don't declare the home in my assets and in liabilities will it create problems as bank can recover the pending loan by selling the flat in case i stop paying the remaining loan. So it wont affect my settlement funds.

Your expert advice is really needed here as i am about to send my application. The only thing which is stopping me is this doubt?

Really confused what to do :-\

What you guys did in your application who owns a flat/house and have loan on their name?

My experience :

I did not have ready cash but attached the papers of my apartment with my own estimate of its worth. The value of the property exceeded the outstanding mortgage which I indicated in the liabilities. I also showed a car loan as liability. On the assets side, I showed the summary value statement of all stocks and mutual funds and every single page of this submission was notarised and in English. It worked for me.

 

[xsabhishek]

My experience :

I did not have ready cash but attached the papers of my apartment with my own estimate of its worth. The value of the property exceeded the outstanding mortgage which I indicated in the liabilities. I also showed a car loan as liability. On the assets side, I showed the summary value statement of all stocks and mutual funds and every single page of this submission was notarised and in English. It worked for me.

thanks akbar for the response

i have few more doubts.
need your clarification :

1) the home papers are not in english..Do you think i must get them translated from some one and attach it with application..i have other proofs like municipality,electricity bills etc in english..should i also attach them

2) did you get the xerox of all the proofs notorized or the summary page showing your assets and liabilities