We are three brothers. My eldest brother has taken a loan of 5 lacs from his bank against renovating our house with my mother as a co-applicant. The house was transferred to my mother after the death of my father in 2003. Now in 2014 my mother has also passed away. My brother has been paying regular EMI against the loan. My query is that how would the loan be treated now as one the co-applicants is deceased and all three of us are the heirs of the the property?
