Syndicate Bank — Housing loan default

Address:	516001
Website:	www.syndicatebank.in

My mom taken the construction loan of rs.4, 50, 000/- with starting emi of rs.4, 700/- in the syndicate bank, now our emi is rs.7500/-. We taken loan in 2008 we paid all emi's regularly, but we failed it to continue to pay emi's because of studies expenditure. From starting year to till now our loan account is still in default, per year we cannot paid 3-4 emi's, i have taken all the loan statement from starting yr.2008 to feb, 2016 we paid approx. Rs.10, 39, 000/- as a emi amount, now banker forced us to pay the balanced loan amount of rs.5, 12, 000/- till now, otherwise then will takes legal action on us by paper ads, it will take as auction on our house/ seized. Our current financial situations are out of controlled, but i want to postpone the legal action on us for the certain time period. Is it possible to do that.. Could you please help to come out from this issue.