We four brothers have made bayana and name was also written on that stamp paper. But now i have to take loan from bank. Bank required that bayana should only be on my name. What is remedy. I think if other three brothers give me reliquishment deed on this bayana and transfer then objection of bank may be removed. An expert and quick opinion is requested please.
Dear Yaseer,
I can give you better advise but you explain your problem. What i understood from your question that you all (four brothers) are buying a property and have made a bayana and stamp paper is written. Then this property becomes as a joint ownership. If you are applying a loan then bank will not issue u a loan as there are four owners of property. Either you own property or ask bank to issue loan to four brothers as Co-borrowers.
Dear Sir,
Your understanding is correct as i am a bank employee and want to apply loan on this house. It is also confirmed that Property will be transferred to me at time of transfer.
But now there are four names written on Bayana papers instead of me. Is there any remedy like to seek Power of Attorney from my three brothers (Relinquishment deed).
Regards.
Yasser
Hum three brothers one sister hai mera question ya hai ka
humara house la two portion hai jis ma mera two brother hai
oour one tower jiska rent 200,000 ata hai kya ma tower ka rent khud rakh sakta hou our hoouse sail out ho na ka bad mera khar ma share hai jawab de jia ga