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Legal heir won't sign document release
07-Oct-2023 (In Property Law)
Greetings,
My dad has 5 siblings. He and my uncle-2 had pledged our now late grandmother's property a couple of years for a loan and have been able to pay it back.
However since my grandma is no more, the bank requires my dad, uncles(1,2) and aunts(1,2,3) to come in person to sign for releasing back the documents.
One of my uncles(Uncle-1) is refusing to come to sign because of familial issues that came up two years ago. Is there a way we can get back the documents or are they just bound to be stuck with the bank for eternity?
Dear sir,
after death of the barrower legal heirs will stands for settlement of entire loan amount. also all legal heirs must expected by the bank to sign for Return Of documents. If any one of the legal heir is not willing to support other legal heirs. the amount paid by the legal heirs can file suit against bank and unsigned legalheirs. the suit must filed for Return Of documents against bank and unsigned person
after death of the barrower legal heirs will stands for settlement of entire loan amount. also all legal heirs must expected by the bank to sign for Return Of documents. If any one of the legal heir is not willing to support other legal heirs. the amount paid by the legal heirs can file suit against bank and unsigned legalheirs. the suit must filed for Return Of documents against bank and unsigned person
Helpful?
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Adv. S Devadass
Dindigul | 25+ Answers
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