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    KCCKK's Avatar
    KCCKK Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Sep 17, 2010, 11:51 AM
    Loan repayment laws in Ontario
    My brother in law loaned his dad money to pay off the mortagage 40 years ago. According to him he never got the money back. His father died 4 years ago. Does he have any recourse against his brother and sister to pay him back?
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #2

    Sep 17, 2010, 11:52 AM

    It's out of Statute - WAY out of Statute.

    Was the loan filed against the real property in any way - a lien, a mortgage, anything?

    Why does he think the brother and sister are obligated to pay off the debts of the late father?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #3

    Sep 17, 2010, 01:24 PM

    IF the estate has not been completed, he might put in a claim against the estate if he has some documentation that the money was a loan.
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