Clarification in settlement deed

Kumar (Querist) 19 September 2012 This query is : Resolved
My father has land in his name. He bought house loan using land as security. But I have been paying the house loan since begining.

How can I get the property transferred to me? The property is till under mortgage.

Can my Father write settlement deed and can we register the settlement deed? Ofcourse Bank will not accept it. Will the settlement deed become invalid once the loan is cleared, since it is written during the time property is under mortgage?

I have Sister in US. Can she create problem in future?

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adv. rajeev ( rajoo ) (Expert) 19 September 2012
How your father acquired his property? Whether it is his self acquired property or ancestral?
If self acquired then he can transfer this property thru., rights relinquish deed or gift deed with the permission of the bank.
If ancestral property your sister can claim her share.