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Srishti Singh   21 March 2019

Home Loan

Hi,
Can property of my husband be transferred to my name and home loan can still be on his name.


Learning

 6 Replies

Dr J C Vashista (Advocate)     21 March 2019

No. it can not be transferred till there is encumbrance, claim and interest of financer on the property

Get the loan liquidated/ repaid before the property is transferred in your name.

Shashi Dhara   21 March 2019

What is Ur problem clear the loan at once and proceed as Ur wishes.

G.L.N. Prasad (Retired employee.)     21 March 2019

When the original sale deed is under equitable mortgage with a bank, without repaying such housing loan of a financial institution, transferring the title to spouse amounts to fraud.  However, most banks insist spouse guarantee and if you have signed as Guarantor, you may obtain the written permission and NOC and as per their directions can get the title transferred incorporating the amount of outstanding with that bank as a clause in sale deed/ gift deed.  Contact the Bank's advocate for guidance.

P. Venu (Advocate)     21 March 2019

What are the facts? What is the issue?

H.M.Patnaik (Proprietor)     21 March 2019

To seek proper opinion on the point of doubt, you have to open your problem and hare exact facts through your post.

H.M.Patnaik (Proprietor)     21 March 2019

To seek proper opinion on the point of doubt, you have to open your problem and hare exact facts through your post.


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