Upgrad LLM

distribution of property


Hi,

We have purchased a property which was jointly owned by father, mother & son. But Few months back Father passed away without any Will.

Post that the Society transferred the title to Mother and Son, after producing death certificate of father and no objection letters from other legal heirs of the father (namely 3 sons settled outside India)

The No objection letter was signed in the Indian Embassy of the respective countries where the other sons stay. It clearly states that they are not interested in the property and they are fine with the property being sold by their brother and mother in India.

Basis on this we have applied for Housing loan with a financial institution. But the Financial Institution is not fine with the No Objection letter.

The Institution wants Deed of Release or Power of Attorney from all 3 brothers for this property to the brother settled in India.

Please advise.. we are eagerly waiting for a way out to clear the legal process and get the loan.

Regards,

SC

 

 

 
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