Legal Question in Banking Law in India

please give the idiya for me hindu iam purchase a house for my wife name i am give my income ceficat to the bank loan wife only housewife apllicat wife and coapplicat me loan runing wife died that time my fiance possion not good my sons help less how can face bank loan mysons told only weare benifit heir my lost son told me iam paying loan clouse loan iam sole own of the house is possible


Asked on 8/02/13, 4:31 am

1 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

02.08.2013

Dear Sir,

No, not possible. Although your son is paying the bank loan, he is not the sole owner of the house. With the demise of your wife, and with you being the co-applicant, the house legally gets transferred in your name and not in your son's name, till such time as you desire that your son's name should be included in the title of the house. (Reply No. 20-August, 2013).

Regards,

Read more
Answered on 8/02/13, 6:28 am


Related Questions & Answers

More Banking Law questions and answers in India