I am from Hyderabad. I want to take money from a financier for interest and give power of attorney for 6 months. Is it safe to give power of attorney to a financier and is there any chance that the financier can misguide my property, run away from here, and come back after completion of agreement? As per law I have to give money back in 6 months and cancel the agreement. If the financier is not available on given completion date of agreement I will lose my property.
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This sets off all the alarm bells! You need proper legal advice not guesses from us lot.
Marg from England.
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