Hello Sir /Madam,
We are family of four( father, Mother ,brother and myself) ,My father without our knowledge took loan of 10 lakhs from his friend by keeping our house original documents and did some registration like the said amount will be paid in 6 months time with interest itseems. House is on my fathers name. I have 3 questions here. kindly answer them please.
1. If not paid on time, can they claim our home?
2. In order to claim the property , the other 3 members of family need to agree and sign on the legal documents?
3. Can we request some extra time to repay the loan amount?
We all are really tensed. Kindly suggest us at your earliest.
Thanks and Regards,
Das.
