Legal Question in Real Estate Law in India

Hi i have purchased a flat on loan from axis bank but at time of registration i dint notice that even my father name was involved in document and full amount for flat was on loan and i am paying the loan from my salaried account from first. and recently i have noticed that even my father name was involved in it .so i want to know will it be a problem in future and if i want to change the documents will it be possible if the original documents are still wit bank in loan . and also i want to know that if my father and brothers wont allow to change documents will it be possible to proceed further . please suggest me with the best way to solve this issue , almost i have been paying loan from past 5 years . so i have struck up in middle cant stop payment and even have a doubt that if i pay in future have to give share for all

Asked on 11/03/12, 6:26 am

3 Answers from Attorneys

Sanjay Kalra Sanjay Kalra & Associates

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If your fathers name is their on the sale deed etc then it means that he too is the 50% owner of the flat. Source of fund to buy property is not important . Please check Sanjay Kalra and Associates on the internet to know more about our law firm and the legal services we are rendering for our clients from all over the World.

Answered on 11/04/12, 10:56 pm

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