Legal Question in Banking Law in India
sir is working and has got housing loan of 20lakhs from DHFL.Now the son want to transfer the property to his father.wheather the transfer is possible.That father is at the age of 69 and no income proof.
Asked on 11/24/15, 11:47 pm
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
25.11.2015
Dear Sir / Madam,
No, the transfer of the property from the son to the father is only possible after the loan amount is repaid and settled.
Regards,
Answered on 11/25/15, 2:18 am
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