Loaning money

lazeedaisy

My sister got a loan from folks about 11 years ago to buy house. Not sure in what form they gave her the money, but there was no written contract. First 3 years she paid them cash 1k every month, then set up transfer from her bank. They fell out for 4 years and she never paid during this,

She started talking to them say 6 years now, she mentioned she never had their bank details to pay again but was told it was ok. All was well Until recently, after 45 years of marriage my parents are splitting, dad got caught.

He is angry and last week phoned my sister asking for the money back.

She is devastated. Lost most in the housing crisis, and early in the year lost her job. she married and has kids now.

Mum has said she does not want to get involved.

Does she have a leg to stand on, and now she is on social welfare & fis has no money at all. Her hubby has a little though.

Can they, sorry he, regurgitate this now after all these years?

lazeedaisy

Oh' she got rid of all her records of how much she paid etc and they never kept their own,

TimeToShine

No written contract = nothing he can do other than rely on her good faith to pay it back in due time.

dobman88

What money??

WhiteWalls

You can't get money from a stone, a sad situation for all parties

Jake Rugby Walrus666

That's a nice deal for her.
House was bought for her.
She's not going to sell it.
She's not going to pay the money back.
Happy days. Live off the dole. Free roof over her head.







Thou shouldst not have been old till thou hadst been wise.

TimeToShine

Friendship and money, oil and water.

lazeedaisy

Thanks for the replies, much appreciated

No Pants

Well, looking on the bright side, no one else in the family will get stung by lending her money ever again.