Hello there,
My father bought our current home in 2004 for which he asked my elder brother to take a loan in his name.
It turns out that he had made the purchase entirely in his name whereas my father is co-borrower in the loan.
4 out of 5 in my family have paid EMIs of that loan for last 8 years & my mom sold the only property in her name last year to foreclose the loan. We paid all but 12 EMIs to save pre-payment charges. When we realised last month that ICICI hadn't debited last 2 EMIs we inquired & learned that my brother has paid them & has also acquired the document bank was withholding. He lives in Hyderabad where my parents visited him last month. They had an altercation regarding the partitions of the only property, this flat. He claims that it's entirely his but he's willing to give me 50%. He's considering age old practice where either eldest son got all or when sons got all. He's forgetting my parents & our eldest sister.
Sorry for rather long question but can you suggest what should be precautionary steps we should take, if any?
Regards,
Bhavesh.
