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Father took Loan now unable to repay can son replay and claim property
18-Aug-2023 (In Property Law)
My father age is 60.he had bought Mortage Loan in bank.he failed to repay the loan.he is having one son and one daughter .Daughter married.i am his son.i want to pay that Loan.In future,can I get that paid emi and Loan amount from my sister when the property tittle will change.can I get any document from my father.
It is necessary to make proper arrangement with your sister and father before you taking the liability of paying the remaining left over loan of your Father. The Banker will not take much care as long the emi is paid properly and it is not their duty to tell the payer about their rights and liabilities. Just by paying the emi it will not give you a proper right over the property in question. Making an arrangement will save your future rights and interest over the property which is paramount in your case. Once you made necessary legal course of action you can then move with confidence. As such i strongly suggest you to make such necessary arrangement with your sister, father and with the banker by taking proper consultation with a property lawyer.
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Adv. GP Vijay
Chennai | 200+ Answers
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