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Joint ownership

(Querist) 17 September 2012 This query is : Resolved 
The flat is jointly owned by Mr. F(Father), Mrs. M (Mother) & Mr. S (Son).

The family constitutes of father, mother, 2 sons & 1 daughter.

Incase of anything happen to Mr. F:-

1. What will be the course of ownership?
2. Is there any legal way thru which the ownership gets transferred to Mr. S considering the fact that there is a loan taken for the same.
Report Abuse
Devajyoti Barman (Expert) 17 September 2012
1. His 1/3rd share in the house would be divided among his legal heirs.
2. Not at all.
Guest (Expert) 17 September 2012
Rightly replied by Devajyoti.

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