My unmarried uncle has created some loan not a huge amount maybe 3-5 lacs, this elder uncle is insisting that after transfer of property to his and other uncles name, that they should take a bank loan to clear his debt with this home as morgage for such a small amount which makes no sense to me. I think he is trying to involve bank to avoid legal issues/court matters later ?
Involving lawyers and going to court is indeed a big hassle. His daughter is also a lawyer so I guess for them involving time and money is not a big deal. But would they be able to do as he says legally via bribery etc?