Legal Question in Banking Law in India
a person who is the owner of an immovable property dies. Her family consists of her husband & two daughters, one of whom is married & is living abroad. Who is the owner of the property & what is the procedure by which the family members can raise loan against this immovable property.
2 Answers from Attorneys
A Hindu woman's property upon her death, devolves first upon her children (and grandchildren through any predeceased children) and her husband in equal shares.
If she leaves behind neither husband, nor children, nor grandchildren, then, the property goes to the heirs of her husband.
All the Class I legal heirs inheirt euqally. Therefore, first of all of you should get the property transferred in your name by way of inheritance; and thereafter either you may partition the property or motgage the same jointly.
Related Questions & Answers
-
Hello sir my self Manoranjan Kar .My father Mr Lingaraj Kar has been working as... Asked 6/24/10, 10:08 pm in India Banking Law
-
How to sale a part of a property; like 4 floors property; I mean, one or two floors... Asked 6/21/10, 3:17 am in India Banking Law
-
Sir i have worked in iiht i will have to get 42000rs salary+reimbursement but in... Asked 6/20/10, 10:20 pm in India Banking Law
-
I hv given my Flat at Dombivili (E) on Rental basis to Mr. Divekar, Party has given... Asked 6/20/10, 9:49 pm in India Banking Law
-
In case of an account styled as "Either or Survivor" if one of the account... Asked 6/17/10, 10:21 am in India Banking Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
