Legal Question in Banking Law in India

Need to purchase the Home which is owned by my father

Hi Sir,

Just wanted to elaborate further. I am the only son and I am Married. I have a younger sister and she also got married. We along with my father and mother live at same house. Now my question is my father is in debts and because of which he wants to sell the house which we are living. As a son can I avail a Home Loan and purchase the Home which is owned by my father? Will there be any banks which give loan in this regard? if yes then please let me know the Bank details... It will be highly helpful..


Asked on 5/05/09, 10:42 pm

6 Answers from Attorneys

Pranav Desai PD Legal & Associates

Re: Need to purchase the Home which is owned by my father

Already answered. Whereas, all bank has different parameters of giving loan. Hence you may have to check yourself.

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Answered on 5/06/09, 6:15 am
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: Need to purchase the Home which is owned by my father

The transanction may not absolve your father of his liabilities.

You may need to consult your bankers for seeking loan against the house in question.

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Answered on 5/06/09, 7:06 am
J. Radhakrishnan independent Practice

Re: Need to purchase the Home which is owned by my father

There is no legal impediment to your purchasing the house from your father. No bank can object to extending the loan merely because the seller is your father. Approach all public sector banks beginning from State Bank of India.

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Answered on 5/07/09, 3:11 pm
Fahri Toga TOGA//OKSUZ

Re: Need to purchase the Home which is owned by my father

We think that we can help you to solve your affairs forthwith, please send us your documents or write an detailed e-mail in order to notify the circumstance. We checked over the documents thereafter, we will return your added phone number,e-mail or address,as soon as.

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Answered on 5/08/09, 3:57 am
Fahri Toga TOGA//OKSUZ

Re: Need to purchase the Home which is owned by my father

We think that we can help you to solve your affairs forthwith, please send us your documents or write an detailed e-mail in order to notify the circumstance. We checked over the documents thereafter, we will return your added phone number,e-mail or address,as soon as.

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Answered on 5/08/09, 3:57 am
Aniruddha Pawse Aniruddha.P.Pawse Advocates

Re: Need to purchase the Home which is owned by my father

Pl consult loan depts of the Banks

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Answered on 5/07/09, 1:54 am


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