In order to take loan from bank to build home, my father gifted plot to my elder brother in year 2000. After two years of building home, I am giving loan installments. Now I have doubts that in future he may claim the ownership and get us out of our home. My father is getting some money and he wants to pay for the balance so that he can get home back on his name. What should be the appropriate way to do it?
1 Comment
Gull Hassan Khan
26/12/2015
yes it can be as there are many cases suck like yours and in-fact the installments are also being deposited by your brothers’ name. Gift once given can not be taken back.
right now you should prepare a agreement of declaration between your brother and father that transaction was not a gift and actually it was a Benami transaction and now father is paying the loan and after payment your brother ll be bound to return the house to father. get
Write a comment: