Dear Experts,
My Mother - in - law has taken a loan against House documents ( with 10 Rupee Interest) an amount of Rs. 30,000/- in the month of Apr'12. She paid the interest for 3 months and she is irregular to pay the Interest.
Again she borrowed an extra amount of Rs.20,000/- and she signed an empty promissory note and one 20 rupees empty Stamp Paper and empty white papers.
Now the loan giver has given a legal notice stating that she entered a sale agreement on 15-08-12 for selling of the house which was given as security for loan. Total sale consideration for Rs.2,40,000/- and Rs. 2,10,000/- already paid by cash and remaining amount has to be paid at the time of registration. Now he is asking for the registration.
Actually she has taken only an amount of Rs. 50,000/-. Now what she can do to get the house.
Its an urgent
kindly advice us......