Hello Team,
I want to know that my father purchased a house in the year 2000, the total cost of house was 4.71 lacs out of which he took a sum of 1.51 lacs from my mother to purchase the same as he was not having enough money at that time to buy the same. My mother gave the above payment through cheques (3 cheques of 51, 50 & 50) to the house seller directly, (and the same is also shown/written in the registry papers), and the rest amount was given my father. The houseproperty is registered in my father's name.
Here i want to know that what legal status do my mother have in the said property.
Also in the above case only my father (not mother) had given the same house property as a guarantee against a loan, to the bank in the year 2008, and now the person who took the loan from the bank is not paying the money to the bank and bank is taking action on the mortgage property and also on the property that has been given as guarantee by my father.
So just want to know what should my mother do to save her share in the property and also the property is shown under HUF income tax file from the date of its registry.(since year 2000') .
Please suggest what best can be done as my mother is a senior citizen and do not have any other dwelling house for her.
