abhinandan tembhurne 22 September 2016
Sir i co-owned one 2 bhk flat with my brother by taking loan from LIC Housing. In mutual understanding i borther depositing half of EMI in my bank account. The payment of EMI of loan is ECS which is debting from my account. Now there are some personel dispute between me and my brother though still is paying his part of EMI to my account. I want to know can i or my brother fully owned that property. What are legal way for doing that single ownership.
Thanks in advance.
Kumar Doab (FIN) 22 September 2016
Valid Release/relinquishment/gift/sale/transfer deed etc.................with due information and consent of lender bank.
Also include the amounts deposited in your bank a/c were share of EMI and stand accounted for.
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