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Abhay (Area manager)     21 February 2010

50 % tansfer of property from real brother to in my name

Hi,

I have purchased a property in Pune. I have registered it in my and my real brother name. Here I am 1st applicant and my real brother is second applicant. Money is paid by me to builder for all own contribtion payment, not by  brother . In agreement my real brother  is only co-applicant.

I am borrowing loan from LIC housing FIn. They raised question for disbursement of loan amount. As my real broher is owing 50% steak in this property.

What is solution on this case?



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