Saledeed

Querist : Anonymous (Querist) 03 October 2021 This query is : Resolved
my father got loan ammount 7,00,000 from individual and gave agreement for saledeed for that ammount .but the property its not my father"s house. it is my grand father"s house and there are three anty [who are sisters of my father] and my father having seven childrens now this agreement is correct or not

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This discussion concerns the validity of a sale deed agreement made for a loan of £700,000. The property in question belongs to the grandfather, not the father who took the loan. Several family members, including aunts and the father's children, are potential heirs. The agreement may be invalid if not registered and signed by all heirs. An amicable settlement or legal consultation is recommended.

kavksatyanarayana (Expert) 03 October 2021
I think that the agreement for the sale deed is not registered. Every heir of your grandfather shall sign on the agreement. So amicable settlement is better. Otherwise, file a suit in a court of law by consulting a local lawyer.

SHIRISH PAWAR, 7738990900 (Expert) 04 October 2021
Hello,

The agreement is not valid. Try to amicably settle and repay the loan otherwise your father may land in other cases filed by the financer.

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