Mortgage to friend

director

my friend was in need of loan...... i gave him friendly interest free loan in bank account.............he give all original documents and make mortgage deed in favour of me on plain paper, witnessed by 2 witnessess.......now he is not giving back my loan amount what could be done .....................could i get this property transdferred in my name

 
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Lawyer in Hyderabad.Email:ramachary64@gmail.com

You cannot tranferred on your name. But keep the documents with you till your loan recovered.

 
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Issue notice and file suit for recovery of money
 
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director

THANKS FOR REPLY ................BUT HE IS USING PROPERTY AND IN POSESSION SO FROM WHERE I WOULD GET THE MONEY................................IS THAT MORTGAGE HAVE NO VALUE

 
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director

Ok sir thanks....but other then recovery suit what is value of mortgage deed then???

 
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With relevant documents that written on plain paper with witness and original documents u contact civil advocate and file mortgage suit for recovery of money and get preliminary decree. After that u have to file final decree.
 
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