Mortgagee rights vis a vis minor's rights

Querist : Anonymous (Querist) 24 February 2018 This query is : Resolved
My brother in law died last year leaving behind my sister 51 years and her minor daughter 13 years old. My brother in law had taken mortgage loan on a property EMI for which we are unable to pay.
We are unable to sell the property as the buyers insists for court clearance certificate which I am told would take around an year.
As we willing the repay the debt by selling the property what is the remedy?
The property may now be classified as NPA and can the lenders sell the property without the court clearance.
Please advice.

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P. Venu (Expert) 25 February 2018
There are no softer options if the buyers insist on clearance certificate. You can discuss the matter with the Bank/lender and buy some time.

Dr J C Vashista (Expert) 25 February 2018
If you are seeking an obligation from experts you will have to disclose your identity as per rules of this platform, no reply for an "anonymous" author.

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